guarantee Archives - Keep Talking Greece

EU FinMins agree on banks bail-in; deposits below €100K safe. Or not?

June 27, 2013 Economy 3

…and so it’s definite. Money savers will bail-in banks going bankrupt. The European Union ministers decided so early Thursday. the noble ministers took this decision in an effort to cut the cost of taxpayer-funded bailouts. From what I understand the bail-in will be based on a pyramid scheme according to …

Greek newspapers: how safe are Greek deposits?

March 31, 2013 Economy, Editor 6

When five Sunday newspapers speak about the safety of savers’ deposits in their front pages, I think, it’s time we should start make thoughts about “how secured are deposits in Greece?” The Cyprus example might be “a template”, after all, as eurogroup head Jeroen Dijsselbloem recently said. Deposits in Greek …

Samaras Sends Letter with Signature to Greece’s Lenders

November 23, 2011 Economy Comments Off on Samaras Sends Letter with Signature to Greece’s Lenders

Greek provisional coalition government partner, Antonis Samaras, the leader of conservative New Democracy, had to bow to the blackmailing of Eurogroup Juncker and Germany’s Merkel “Sign or No 6th aid tranche”. Samaras had to sit down and write a letter of commitment to the October 26th loan agreement. At the end of …

State Guarantees to Bank Deposits up to €100K Extended to Dec 31, 2015

July 14, 2011 Economy Comments Off on State Guarantees to Bank Deposits up to €100K Extended to Dec 31, 2015

The state guarantees on bank deposits of up to 100,000 euro have been extended for four years, until December 31st, 2015. With the decision (23384/27.5/2011) of Greek Finance Ministry the state guarantees bank deposits until December 31st, 2015. The previous state guarantee was due to expire on December 31st of the current …

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