Capital Flight Intensifies From Italy, Spain

The ECB statistical data warehouse released Target2 Balance figures today. The numbers are reflective of intensifying capital flight in Italy and Spain.

target2-2016-10-03a

The above charts shows most of the major countries, not all of them.

Italy’s target2 hit a record low -€326.9 billion in July. This is a 6th consecutive monthly record for Italy, minimum, possibly dating back to 2nd quarter of 2015.

Spain’s target2 deficit hit -€313.6 billion. In 2012 Spain hit -€337.3 billion.

http://www.zerohedge.com/news/2016-10-04/capital-flight-intensifies-italy-spain

Follow IWB on Facebook and Twitter