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Monday, July 27, 2015

Moody’s: Uninsured Depositors Compromised by Greece’s New Legislation

Ratings agency Moody’s said on Monday that uninsured depositors in Greek banks are in danger of losing some of their money in case of a bank’s insolvency. Moody’s noted that the changes in the EU Bank Recovery and Resolution Directive, which was legislated in Greek Parliament last week, established new guidelines for the cases of bank insolvency. One of


READ THE ORIGINAL POST AT greece.greekreporter.com