ECB’s Multi-Trillion Euro Payments Breakdown Shakes Europe
The European Central Bank (ECB) experienced a seven-hour outage in its Target 2 (T2) payment system, which processes more than €3 trillion ($3.12 trillion) worth of daily transactions. The breakdown, which started on Thursday, severely disrupted banking operations, delaying critical payments across the Eurozone. While the ECB confirmed the issue was fixed late on Thursday, […]
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