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Greek Finance Minister Yanis Varoufakis denies FT report of bank haircuts, calling the report “malicious”

Greek Finance Minister Yanis Varoufakis denies FT report of bank haircuts, calling the report “malicious”

Greek Finance Minister Yanis Varoufakis has dismissed the Financial Times reports of planned depositor haircuts of bank deposits of over €8,000, calling them “rumours” spread over fears of a financial collapse.

Bloomberg reports that according to an emailed statement by the Greek finance ministry, the “FT report on deposits bail in is outright lie, provocative, and targets undermining July 5 referendum” and as a result the “finance ministry demands Financial Times to retract report.”

Via Reuters

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,” Katseli said.

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