![TARGET2 Balances Mask Reduced Financial Fragmentation in the Euro Area — Money, Banking and Financial Markets TARGET2 Balances Mask Reduced Financial Fragmentation in the Euro Area — Money, Banking and Financial Markets](https://images.squarespace-cdn.com/content/v1/52cdc300e4b012a81d31c03d/1531058125251-BZ7BQHEDOAM7CFTT7K99/Target2+and+Securities+Holdings.png)
TARGET2 Balances Mask Reduced Financial Fragmentation in the Euro Area — Money, Banking and Financial Markets
Holger Zschaepitz on Twitter: "Good morning from Germany where Target2 claims resume the uptrend. Target2 claims of Bundesbank on the rest of the Eurosystem rose by €52bn in May, most since Nov,
![Target balances and the risk of another “Reparations” problem | Money matters? Perspectives on Monetary Policy Target balances and the risk of another “Reparations” problem | Money matters? Perspectives on Monetary Policy](http://moneymatters-monetarypolicy.eu/wp-content/uploads/2013/07/Target-2-300x210_f_improf_640x448.png)