Greek government spokesman Simos Kedikoglou rushed Monday morning to calm down depositors, concerned about their money in accounts of National Bank and Eurobank after the merger was called off. “Deposits are safe, the banking sector is shielded,” Kedikoglou told a private television channel.
Short time later, EU Commission felt also obliged to assure customers of the two banks. “I don’t see the reason, why customers should worry,” Simon O’ Connor, spokesman of EU Commissioner for financial affairs Olli Rehn told reporters in Brussels, when he was asked whether deposits in National Bank and Eurobank could undergo a haircut, following the bad Cyprus example-template.
Of course, neither O’ Connor, not Kedikoglou have reasons to worry about. They have good paid jobs and do not need to grab their savings to come along during the month.
But if they believe, low-pensioners, jobless and low-incomers would leave their savings to the banks to be seized for the banks rescue, they live on another planet. Because, on this very planet we live on, bad examples and warning messages about bail-ins do nothing else but trigger worries…