… 90 percent of the book value of the purchases and the ECB 10 percent. It was initially assumed the PSPP would run … to be only 4 percent. But in France it is expected to be 10.1 percent; in Italy, 11.8 percent; in Spain, 18.9 percent; … in France, 9.9 percent; in Italy, 11.1 percent; in Spain, 10.1 percent; and in Greece, 6.4 percent. As a result, the …