Relevant:
- Germany getting suspicious about gold to the point of taking action
- German Bundesbank To Repatriate Gold From New York Fed
- Europe's Most Parabolic Chart Goes Parabolic-er (TARGET2 liabilities)
- Bundesbank Says NY Fed to Help Meet Gold Audit Request
- FLASH: German gold report reveals secret sales that likely were part of swaps
2012-04-20 — telegraph.co.uk
Earlier this week, the Foundation for Family Business in Munich filed a criminal lawsuit against the Bundesbank, accusing the board of disguising the true scale of risk born by German citizens.
The furore follows a sharp jump in the Bundesbank's "Target2" claims within the European Central Bank's internal payment network from €547bn in February to €616bn in March. Bundesbank claims have risen sixfold since 2008, a rise mirrored in Holland and Luxembourg.
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