OOPS! Target2 claims of Bundesbank on the rest of Eurosystem hit fresh ATH at €1.26tn amidst QE. Claims have risen by a record €133.2bn in Dec, meaning substantial risks for #Germany. Previous record in Dec2020 had been €1.136tn. Liabilities of #Italy & #Spain together >€1tn. h/t Holger Zschaepitz
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