WEB Notes: “Haircuts” just like what happened to Cyrus only in Greece it will be worse. “Depositors” or let us just say what the word means, citizens of Greece will have at least 30% of their bank account confiscated in order to save the banks. If you miss a house payment do you think all of the banks will chip in to save you? Absolutely not. This is more documentation that the powers of the world want to break the common man and they are doing a fine job at that.
Source: FT | Greek banks are preparing contingency plans for a possible “bail-in” of depositors amid fears the country is heading for financial collapse, bankers and businesspeople with knowledge of the measures said on Friday.