An ECB sources report is crossing and said that before the ECB anti-fragmentation tool will be unveiled next month, the central bank will reinvest maturing proceeds into periphery countries. They have divided eurozone countries into three groups: Donors, recipients and neutrals.
The recipients are Italy, Spain, Portugal and Greece.
The donors are Germany, France and Netherlands.
The remainder are neutrals.
This system will be used until the anti-fragmentation tool is unveiled at month end.
