Greek senior bank bonds are plummeting on Monday, after Eurgroup President, Jeroen Dijsselbloem stated Friday that Greek depositors would be shielded from any losses resulting from the recapitalization of the Greek banks. “The bail-in instrument will apply for senior bondholders whereas the bail-in of depositors is explicitly excluded’, the Dutch Finance Minister had stated. Eurbank SA’s senior unsecured 4.25 per cent June 2018 bonds dropped 33 per cent to 37 cents on the Euro at 11.30 am Monday in London, Piraeus Bank senior bond March 2017 bond fell 27 per cent to 38 cents, while Alpha Senior bond due in June 2017 plunged to 58 cents, according to data compiled by Bloomberg.