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Saturday, July 4, 2015

EBA chief dismisses rumours over haircuts to Greek deposits

The chairman of the European Banking Authority (EBA) Andrea Enria said on Saturday he was unaware of any planned haircuts to deposits held in Greek banks due to the country's debt crisis. "I am not aware of any plans to introduce haircuts to retail depositors of Greek banks, as reported in the media this morning," Enria said in a statement. Britain's Financial Times, citing bankers and people with knowledge of the measures, said on Saturday that Greek banks were preparing contingency plans for a possible "bail-in" of depositors amid fears Greece was heading for collapse.


READ THE ORIGINAL POST AT uk.news.yahoo.com