Report that Greek deposits may be seized is 'malicious rumour'

2015-07-04 14:29
Protesters participate in a demonstration calling for a NO vote in the forthcoming referendum on bailout conditions set by the country's creditors, in front of the Greek parliament in Athens. (Aris Messinis, AFP)

Protesters participate in a demonstration calling for a NO vote in the forthcoming referendum on bailout conditions set by the country's creditors, in front of the Greek parliament in Athens. (Aris Messinis, AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Athens - A Financial Times report that Greek savers could lose 30 percent of their bank deposits to shore up their country's banking system is a "malicious rumour," Greek Finance Minister Yanis Varoufakis said on Friday.

"FT report of a Gk (Greek) Bank Bail In is a malicious rumour that the Head of the Greek Banks Association denied this morning," he tweeted.

The British business daily, quoting unidentified bankers and businessmen close to negotiations, had reported that Greek depositors with over 8 000 euros in an account may be made to take a "haircut" similar to those taken by Cypriot account holders in 2013, when uninsured funds were seized to stabilise the financial sector.

"It would take place in the context of an overall restructuring of the bank sector once Greece is back in a bailout programme," said one of the sources.

Greek banks have been shut since Monday, and the system faces collapse if the European Central Bank (ECB) declares them insolvent should Greece refuse to pay back its debts.

Greek Prime Minister Alexis Tsipras has called a referendum for Sunday to asks Greeks whether they are willing to swallow tougher austerity measures in return for bail-out funds from its creditors, the International Monetary Fund, the European Commission and the ECB.

Read more on:    greece  |  greece debt crisis

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
7 comments
Comments have been closed for this article.

Inside News24

 
/Sport
 

WATCH: Man films himself going down water slide upside down as things go very wrong…

What is at first an exciting tummy-turning adventure stunt, quickly turns into a scarily bad idea caught on camera. Take a look:

 
 

You won't want to miss...

WATCH: Conor McGregor: Notorious the trailer
Best date night restaurants in South Africa
WATCH: Ryan Reynolds offers fans a free tattoo in new Deadpool 2 teaser
Should you date your co-worker?
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.