Do you know what Target 2 is?

The system for balancing Eurozone payments. Last time I looked - prior to covid - Spain and Italy were effectively limited to borrowing from the EU because their credit rating was the same as Colombia. One Trillion Euro debt (to effectively Germany) between them. I wonder what the current figures are. Its not about being millionaires. It is about the terms relating to debt the countries will need to deal with during recovery.

Posted By: Timmy_Goat, Mar 10, 22:52:01