FAZ explains the Target2 bomb and it's going to kill ze Germans

Fasten your seat belts. Here comes the economics department of the FAZ IYIs.

TARGET BALANCES: Germany is sitting on a bomb

BY MANFRED SCHÄFERS , BERLIN- UPDATED ON 07.07.2018 - 19:11

"Target" - this was actually a technical system for processing payments in the euro area. But now Germany has paid almost 1 trillion euros too much. Money that could never come back.

Oh those Germans, what have they done to Target2? In the beginning it was sort of a giant Paypal based on euros. Then the Germans showed up and deposited "almost 1 trillion euros too much".

As everyone knows when you deposit funds into your own account, chances could be it "never comes back". Yeah, makes sense.