EUR 100 bln flowed back into the euro zone periphery last quarter, according to the FT.
And there is at least EUR 200 bln that could potentially flow back to the periphery.
Total net private inflows into the periphery countries totalled €93bn in the last four months of 2012, according to ING. In contrast, the first eight months had seen €406bn flow out of the five countries, equivalent to almost 20 per cent of gross domestic product in the periphery economies. In 2011, outflows from the periphery totalled €300bn.
Remember, nothing has changed.