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Capital Flight to Germany in Full Swing

by Mike ‘Mish’ Shedlock
MishTalk

Capital; flight to Germany, the Netherlands, and Finland is in full swing. These sums cannot be paid back.

I have commented on Target2 liabilities before.

Perhaps a Mish-modified translation from the Welt article Imbalance in the Euro System Reaches a New Record will ring a bell.

The central banks of Germany’s euro partners Italy, Spain and France owe the Bundesbank almost a trillion euros . This is a new high. – more than ever before. Tendency continues to rise. There is no security for this money.

Continue Reading at TheMaven.net…

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