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I don't get it. What does it mean? How charges for what? I know Target 2 has been a hot issue with the inflation paranoia crowd, but I do not understand what is said here.
by rz on Thu Jun 5th, 2014 at 10:30:36 AM EST
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I think I get it know: If the Bundesbank has a positive Target II balance it will have to pay some extra interest rate.

Hans is going to go ballistic. I feel a certain dread, when thinking about the commentary in tonights Tagesschau.

by rz on Thu Jun 5th, 2014 at 10:47:24 AM EST
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Exactly.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Thu Jun 5th, 2014 at 11:16:58 AM EST
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A ghost of Keynes' bancor plan that haunts only the Eurozone! Headline: ECB PUNISHES SUCCESS!

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jun 5th, 2014 at 01:46:25 PM EST
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