Cyprus Mail

Haircut report totally “baseless”, says Varoufakis and head of Greece’s Bank Association

Louka Katseli desribed the FT report as belonging "only in the sphere of fantasy."

Greek Finance Minister Yanis Varoufakis said on Friday a Financial Times report that Greece was making contingency plans for the possible bail-in of deposits was a “malicious rumour”.

Varoufakis made the comment on his Twitter account. The Financial Times said the contingency plans could include a 30 percent bail-in on deposits above 8,000 euros.

The head of Greece’s Bank Association on Friday also dismissed as “completely baseless” the Financial Times report about plans for a possible bail-in on deposits.

Louka Katseli, who also chairs the National Bank of Greece , told Skai TV that suggestions 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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