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.

Help us grow. Support The Duran on Patreon!


The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.

What do you think?

Notify of
Newest Most Voted
Inline Feedbacks
View all comments

Breaking: Cyprus’ed? FT reports Greek banks are preparing for a “haircut” of at least 30% on deposits above €8,000

Will July 5th be Greece’s independence day?