3 Comments
  1. chris herzeca says

    “Thus, the most likely resolution of Target imbalances in the case of a full Euro breakup would be a pooling of assets held by Target2 debtors to be handed over to Target2 creditors to settle the balance.”

    you figure? i think the most likely result will be every country for itself.

  2. Wolf says

    Complete documentation of the TARGET2 debate: http://www.robertmwuner.de/materialien_euro_literatur_target2.html

  3. David Lazarus says

    The idea that counter party risk lowers overall risk is the same sort of BS that tarnished the MBS market. There will be hidden losses that no one has considered and when these are exposed then expect a lot of problems in the Bundesbank. Then there will be a panic.

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