Greek Banks Considering 30% Haircut On Deposits Over €8,000: FT

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Greek Banks Considering 30% Haircut On Deposits Over €8,000: FT

posted on Jul 03, 2015 06:10PM

Greek Banks Considering 30% Haircut On Deposits Over €8,000: FT

Submitted by Tyler Durden on 07/03/2015 - 15:56

"Greek banks are preparing contingency plans for a possible “bail-in” of depositors amid fears.The plans, which call for a “haircut” of at least 30 per cent on deposits above €8,000, sketch out an increasingly likely scenario for at least one bank, the sources said."

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