Haircut

Amidst fears of financial catastrophe, Greek banks are considering to tap into depositors funds the Financial Times reported citing bankers and businesspeople with knowledge of the measures. "The plans, which call for a haircut of at least 30 per cent...

A 57-year-old man in Thessaloniki chose the date of his birth to take his own life after falling into depression when the bond haircut cost him his life savings. The tragic incident occurred yesterday afternoon, when his wife spotted him hanging from a tree near the...

Martin Kotthaus, a spokesman for Finance Minister Wolfgang Schaeuble, denied that a report published by the German newspaper Die Zeit is true. The article in question said that Germany is working on a new aid package for Greece, but...

Two weeks ago the employees of a bank in Cyprus were making fun of an old lady who was afraid for her deposits and now they regret not following her example. Every Friday for the last month, a retired Pontic...

The German government on Monday reaffirmed its categorical opposition to any haircut on Greek debt held by the public sector. German weekly Der Spiegel reported over the weekend that the troika of the European Commission, the European Central Bank and...

German Finance Minister Wolfgang Schaeuble ruled out public investors accepting a debt restructuring, or "haircut", on their Greek debt holding but said a debt repurchasing program could be considered. "(A haircut) is a discussion that has little to do with...

Greek bondholders are set to accept higher losses as the contentious negotiations over a writedown of Athens’ debt burden come to a head in the next week, according to the Financial Times. People involved with the discussions about so-called private...

In an interview in To Vima's Sunday edition, Clemens Fuest (adviser to Germany's finance minister Wolfgang Schaeuble), who is also an academic, said the Greek debt haircut should be higher than the agreed 50 percent to help Greece repay...

Greek newspapers expressed fears Monday for the future of the country's banking sector if debt writedowns of 50 percent proposed by European leaders went ahead. "Major haircut - we are playing with fire" cautioned the pro-government daily Ta Nea. A haircut...

The Royal Bank of Scotland (RBS) projects that Greece will face a sovereign default in the middle of December, because the Greek government is not able to enforce the required reforms, something that could provoke the rapid spread of...