What Is This Target2 Anyway?
- Robert Smithson
- Jun 27, 2018
- 1 min read
With the election in Italy of the Eurosceptic Lega Nord and the Five Star Movement, Target2 is back in the news. It is said that this measures imbalances in the Eurozone, and that the ballooning sums owed to Germany, and owed by Spain, Greece and Italy are the result of trade deficits and surpluses.
They aren’t. This video is about what Target2 actually measures, and what it means.