I heard the deal is to be a 40% haircut on deposits over 100k euro.
The thieves are going to need serious security for a LONG time.
40%... that is it? Back in the S&L crisis bank depositors over 100K lost everything. Having trouble believing the bondholders are totally protected and only 40% haircut for Jumbo accounts. This does not pass the smell test since they were considered bankrupt hours ago.
to post 19.
does the parliament get a say on this?