Target2 is a financial mechanism used in Europe to speed up the transaction of large amounts of money, the main clients of this system are the governments of each country representing the marketing and support businesses that they carry out with each other in the European Union, the large entrepreneurs who have business in several European countries and international banks that operate in the continent. Target2 is a safe and reliable platform, impenetrable by hackers who want to attack it, its most relevant characteristic is that the money movements made through Target2 are immediate.
In other words, those who control the European economy have a much more powerful financial application than that handled in ordinary society. The advantages of this lie in the security and immediacy with which transactions are carried out, but why is such a powerful tool important for the development of the economy in Europe ? This continent, unlike the other four, has mostly decided to unify itself in a single economic function, using a single common currency in order to further strengthen the relationship they have with each other, the loss of a portion of the billions than to through these global system accounts could cause the decline of one of the countries or organizations that make up the Target portfolio2.
On a daily basis, at least 400,000 payments equivalent to an average of 2.5 trillion euros are managed by the governments of Europe, central banks and the holding companies of the most important items in Europe. Target2 is also at the same time an equilibrium system, which replaced the Target system that operated from 1993 to 2007, becoming the ideal vehicle for the million-dollar transactions of the EMU (European Monetary Economic Union).
The drivers of the Target2 are the central banks of each participating country, for the state, private banks and companies to participate must have an account with the respective bank with a certain amount of openness, if dependencies that are part of Target2 not they have enough quota, they can request a loan from the same receiving bank to complete the registration.
