This is one scary graphic

By | September 17, 2012

In case you are the type of person who reads graphics instead of text: things look bad in the Euro zone. Look at how quickly the curvature on that balance line changes – someone's house of cards is going to tumble with dramatic consequences. That's a bubble just waiting to burst. The question is, how big should we let the bubble get? The ECB 'commitment' to upholding the current status quo is… a ver unusual status quo. This sort of status quo is not enough to reduce the bubble.

Reshared post from +Robert Redl

The Target liabilities are within the ECB clearing system at 818 billion euros . The share of Germany in this is 349 billion euros .

TARGET2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem.
99.74% of TARGET2 payments were processed in less than five minutes.

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