The head of Greece's Bank Association says the FT report that Greek banks were preparing contingency plans for a possible "haircut" on deposits is baseless.
The story so far:
- FT: Greek banks considering bail-in "haircut" of at least 30% on deposits above €8,000
Followed by ...
- Head of Greek bank association says deposit haircut article 'completely baseless'
More now ...
The head of Greece's Bank Association dismissed the report as "completely baseless".
Louka Katseli, who also chairs the National Bank of Greece , told Skai TV that suggestions that authorities were planning a raid on deposits belonged "only in the sphere of fantasy."
"There are no such scenarios at any Greek bank, not even as an exercise on paper"
