TARGET misses the bull’s-eye

Series Title
Series Details 26/10/95, Volume 1, Number 06
Publication Date 26/10/1995
Content Type

Date: 26/10/1995

Only the Commission could create the acronym TARGET out of Trans-European Automated Real-time Cross settlement Express Transfer.

No, we don't know what it means either, but it's taken from the Green Paper on the transition to a single currency (which might otherwise be known as GROTSIC).

“This is the kind of thing that will help make economic and monetary union beloved throughout Europe,” said one sarcastic expert on pointless terminology (otherwise known as SEXPOT).

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