Eurozone Capital Flight Intensifies: Target2 Imbalances Widen Again
“The ECB claims this action is due to its bond-buying program. I strongly disagree“
doesn’t the ECB as EuroSystem buy some 60bn of bonds per frigging month? of which some 20% of are on the ECB’s direct balance sheet?
strongly disagreeing… with the biggest movements in the eurozone, including of Target2, which some don’t even consider a balance sheet item but just a statistical device?
lol. I wonder if there is a statistic similar to T2 in any other monetary zone in the first place. perhaps there is one among the FEDs
oh, my. this kind of articles is becoming sillier and sillier. I wonder if is anybody left that actually reads them