Greece Target2 Imbalance January 2014 to February 2015

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Between October 2014 and February 2015, over 52 billion euros have fled Greek banks. Go back to June when things appeared to be healing and capita flight is about 60 billion euros.

Greece Target2 Imbalance Every February Since 2008

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Charts created with data from Euro Crisis Monitor.

Target2 Discussion

For a discussion of Target2, what it means and how it works, along with a discussion of who is really to blame for the crisis in Europe, please see From ZIRP to NIRP: Virtues of Germany vs. the Vices of Greece; What About "Speece" and Gold?