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

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. If you think Italy can pay German and other creditors a record €432.5 Billion, you are in Fantasyland.
Source: Italy Target2 Imbalance Hits Record €432.5 Billion As Dwindling Trust In Banks Plunges

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