30% Bail-In Haircuts On Greek Deposits Over €8,000 Coming Up; Banks To Raid Deposits To Avert Collapse
July 03, 2015 at 19:01 PM EDT
I warned countless times over the last six months that Greek citizens need to pull their deposits before it was too late. Today I report it's too late. 30% bail-in haircuts on Greek bank deposits are coming up.