Italy Target2 Imbalance Hits Record €432.5 Billion As Dwindling Trust In Banks Plunges

What trust in banks?

Italy Target2 Imbalance Hits Record €432.5 Billion As Dwindling Trust In Banks Plunges:

“Contrary to ECB propaganda, Target2 imbalances are a direct result an unsustainable balance of payment system. The imbalances represent both capital flight and debts that can never be paid back…”

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