Financial Times reports 30 percent Greek bank haircut
BY KYLE ANDREW BROWN
Athens, July 4 – On the day before Greece voters decide NAI: ΟΧΙ on Prime Minister Alexis Tsipras’ referendum the Financial Times makes an astonishing report: Greek banks are making contingency plans for a 30 percent “haircut” of at least 30 per cent on deposits above €8,000.”
For such bold speculation Financial Times credits “bankers and business people with knowledge of the measures.”
Financial Times offers up one unnamed source who told their reporter Kerin Hope: “It [the haircut] would take place in the context of an overall restructuring of the bank sector once Greece is back in a bailout program.”
And that’s it.
The reporter Kerin Hope suggests in the reporting numerous sources among “bankers and business people.”
Astonishingly Kerin Hope provides absolutely no foundation, no analysis. no reporter’s credibility of the sources.
Financial Times includes with the report a hover link saying Kerin Hope’s reporting is:
“High quality global journalism requiring investment.”
Greek banks prepare plan to raid deposits to avert collapse
2015-07-04
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