sentences:  A number of economists took a stand on the issue of the TARGET balances in a publication of the Ifo Institute, confirming Sinn's analysis.Financial commentator David Marsh, writing in early 2012, noted that TARGET2 provides "automatic central bank funding for EMU countries suffering capital outflows provided through it" and that the balances would "have to be shared out by central banks throughout the Eurosystem ... if EMU fragments into its constituent parts.So the pressure on Germany is to keep the balances growing, in order to avoid crystallization of losses that would be hugely damaging not just to Berlin but also to central banks and governments in Paris and Rome".