Travis Taylor and Hugo Watson Brown
consider the accounting cracks at the heart of the current eurozone
crisis
Everyone will be familiar with the euro crisis and the possible
departure of Greece and other countries from the monetary union. The
crisis has many sub-plots - political, economic and financial –
but even a well-informed reader might be forgiven for not following
the curious tale of the TARGET2 (Trans European Automated Real-time
Gross Settlement Express Transfer) balances.
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