EBA statement:

Andrea Enria, Chairperson of the European Banking Authority (EBA), the EU institution that brings together the banking supervisors and regulators of the EU, said today in a statement: "I am not aware of any plans to introduce haircuts to retail depositors of Greek banks, as reported in the media this morning. I highly doubt that any authority or public body at EU or Member State level could consider this option, as it would be against EU law and the EBA would immediately start breach of EU law proceedings". In his statement Enria reminded that "EU legislation is in place to protect retail Greek depositors, as any other depositor in the EU".