Target2. While you may take this tone, there are serious shortcomings. Such as a bit of Germany's budget being financed through Greece's misery and borrowings

Target2. While you may take this tone, there are serious shortcomings. Such as a bit of Germany's budget being financed through Greece's misery and borrowings from Target2 when Greek funds were put into the German banking system. The way the ECB works is its built on National Central Banks lending each other funds and paying interest on borrowings to each other. So take Euros from Greece and put them into Germany means Greece borrows those Euros back.