Aug 18

Greek Deposits Become Eligible For Bail-In On January 1, 2016 (ZeroHedge, Aug 17, 2015):

Earlier today an EU official was reported as saying that Greek banks will exclude all depositors from losses until the EU’s Bank Recovery and Resolution Directive rules go into effect on Jan. 1, 2016.  Needless to say this was vastly different to Dijsselbloem’s blanket guarantee statement from Friday, and suggests that depositors will indeed be bailed-in, but not right now: only after BRRD rules come in place on the first day of 2016.

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