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Temporary exit is the kind of bullshit German economic "authorities" such as Hans Werner (Un)Sinn come up with. And indeed it's all about Target2.

But it's perfectly possible to exit the Euro without exiting Target2. Target2 is the payment clearing system of the European System of Central Banks.

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 Wed Jul 15th, 2015 at 04:35:01 AM EST
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