×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
15
Jul 2026
weather symbol
Athens 31°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

NBG Head & FinMin dismiss FT reports of 30% haircut to deposits

The Greek Ministry of Finance wants a retraction of the FT report

Newsroom July 4 09:51

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

An erroneous Financial Times article on Friday set off an avalanche of panic (again!) after reporting that Greek banks are preparing contingency plans for a possible “bail-in” of deposits due to fear that the country is heading towards financial collapse. The article said that at least one bank was making plans for the “haircut” of at least 30% of deposits more than 8,000 euros. No sooner was this report released that Reuters reported that the FT article was “completely baseless” according to the head of Greece’s Banking Association.

The report that didn’t name specific sources came two days ahead of a crucial referendum where Greeks are expected to accept or reject crushing austerity measures set by international creditors and that could send Greece on a collision course with its euro zone partners. Ultimately, the vote may determine Greece’s future in the euro zone, according to statements by top EU officials aimed at swaying voters to think twice before rejecting the tough terms.

>Related articles

Ryanair engine failure that tore open cabin window over North Macedonia now under US and European investigation

Ferry ticket prices unlikely to fall despite wave of summer discounts

IMF warns Europe: Public debt could surge to 130% of GDP by 2040 without action

The Greek Radical Left Coalition (SYRIZA) government has doggedly dismissed the possibility of a “bail-in”, but then again, they had also said that capital controls would not have been put in place. Former socialist PASOK minister Louka Katseli, who chairs the Greek Banking Association, said that the raid on deposits belong “only in the sphere of fantasy.” “There are no such scenarios at any Greek bank, not even as an exercise on paper!”

SYRIZA Finance Minister Yanis Varoufakis said that the scenario painted by the FT regarding a “bail-in” that could resemble the rescue plan agreed by Cyprus in 2013 where customers’ funds were seized to shore up the banks was nothing more than a “malicious rumor”. The Ministry of Finance categorically denied the validity of the reportage and called on the FT to publish a retraction.

 

Ask me anything

Explore related questions

> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

The F-16 that made an emergency landing at Zakynthos airport was transported by ship (video-photos)

July 15, 2026

Greek Community of Toronto: 2026/2027 Greek Dance registrations are now open

July 15, 2026

SYRIZA’s new wave of departures begins with resignations of party officials: A “wave” of MPs is coming – Who will remain in the parliamentary group

July 15, 2026

Cracks and subsidence in apartment buildings in Kypseli due to the tunnel boring machine for Metro Line 4

July 15, 2026

Balcony solar panels: New framework for self-consumption, batteries & cheaper electricity

July 15, 2026

Beloved actress Maro Kontou dies at the age of 92

July 15, 2026

Latinopoulou: The pre-trial detention of the police officers in Argos is unacceptable – Everything happened in the line of duty

July 15, 2026

Temperatures to rise in the coming days: When will the mercury reach 39°C?

July 15, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα