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Something as an open question. How many people here know what TARGET2 is? My personal opinion today is if you don't know what it is you have no business talking about sanctions which means that myself and one other person on Twitter apparently from Hamburg, Germany have any business talking about economic sanctions.

**In general I have been noticing dozens of so-called sanctions and national security policy experts that have no idea what Target 2 is on the Twitterverse today.

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What we are witnessing in Ukraine is the legacy of Angela Merkel.

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