Courtesy of Mish.
Chalk up another €5 billion in capital flight from Greece in April. Total eurozone exposure to Greek currency liabilities now sits at €115 Billion, not counting accelerated capital flight in recent weeks.
The following two charts produced with data from EuroCrisis Monitor.
Greece Target2 Imbalance Since February 2008
Greece Target2 Imbalance Detail Since June 2014
The chart shows a rise of €2 billion but that does not count cash.
Target2 Explanation
For a refresher course on Target2, please see Reader From Europe Asks “Can You Please Explain Target2?”
Intra-Eurosystem Liabilities
The latest Intra-Eurosystem Liabilities from the Bank of Greece are €114.95 billion as shown below.
…
