``the Bundesbank's TARGET2 claims toward the rest of the Eurosystem, or as we have repeatedly explained, the sunk cost that Germany will have to foot once the Euro experiment ends and the EMU falls apart.. which judging by recent developments in Greece, and now Spain, could be as soon as in a few weeks. The number as of April 30? €644,182,010,456.05, which is exactly 25% of German GDP, and an increase of €28.6 billion in April and €181 billion in 2012 alone! ''

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