Italy spain target 2

Rajoy and Renzi

Spain, Italy Most Indebted Countries In TARGET2: A Coincidence?

It’s not a coincidence that Spain and Italy are the biggest debtors in TARGET2 and the most politically unstable. Both have increased their debts with Germany and other countries: Spain from 189.9 billion euros to 319.7 billion. Italy from 188.6 billion to 353.9 billion. Not insignificant amounts.