The SMP data have been released – here. ECB holds euro 14.2 billion of Irish bonds (at face value).
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6 Responses to “ECB Holdings of Peripheral Sovereign Bonds under the SMP”
No. The profits go into the ECB surplus, get distributed to the NCBs according to the capital key and the NCBs then remit to their governments. The Irish NCB gives 80% of its surplus annually to the govt.
Even in the case of Greece, the money is first distributed to the NCBs, who then give it to their governments. These governments then give it to Greece. This was a Eurogroup decision. Structured this way, no mortal sins of monetary financing are being committed.