Italy’s Target2 debt hits new record high, ECB’s funding to banks rises

[ad_1] MILAN, July 7 (Reuters) – Italy’s liabilities towards other euro zone central banks hit a new all-time high in June, as the country’s lenders rushed to borrow from the…

Denmark to join euro zone’s Target2 payment system

[ad_1] FRANKFURT (Reuters) – Denmark’s central bank has applied to join from 2025 the European Central Bank’s Target2 system, a real-time payment settlement platform used to clear cross-border interbank transactions,…