Comments on: Worrying about a Greek bank run http://blogs.reuters.com/felix-salmon/2010/04/15/worrying-about-a-greek-bank-run/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: xav http://blogs.reuters.com/felix-salmon/2010/04/15/worrying-about-a-greek-bank-run/comment-page-1/#comment-13597 Sat, 17 Apr 2010 07:03:28 +0000 http://blogs.reuters.com/felix-salmon/?p=3410#comment-13597 Under EU rules, deposits at branches are covered by the deposit guarantee scheme of the country of the bank HQ. In the case of the Icesave branches in Amsterdam and London, the deposits should have been guaranteed by Iceland’s guarantee scheme. (the problem in that case is that the Icelanders have not paid anything to the depositors).
Subsidiaries, however, are covered by the host state system. So Greek depositors should check whether they deposit with a branch or a local subsidiary.

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By: duffsamoa http://blogs.reuters.com/felix-salmon/2010/04/15/worrying-about-a-greek-bank-run/comment-page-1/#comment-13506 Fri, 16 Apr 2010 09:42:28 +0000 http://blogs.reuters.com/felix-salmon/?p=3410#comment-13506 Hi Felix,
In Australia, where citibank operates and takes deposits, during the worst of the financial crisis, the Australian government insured deposits at citibank.

This may have been the same elsewhere.

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By: HBC http://blogs.reuters.com/felix-salmon/2010/04/15/worrying-about-a-greek-bank-run/comment-page-1/#comment-13499 Fri, 16 Apr 2010 01:27:30 +0000 http://blogs.reuters.com/felix-salmon/?p=3410#comment-13499 The question is whether people expressing the greatest “worry” about a Greek bank default are sincerely worried, or just chewing the scenery in an endeavor to theatrically precipitate the Big Bad Default that may lend their naked swaps a Midas Touch.

I wouldn’t want to be in those hand-wringing rootless thespian’s shoes when the Eurozone comes out swinging against them, which is about an inch away from happening now.

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By: nicfulton http://blogs.reuters.com/felix-salmon/2010/04/15/worrying-about-a-greek-bank-run/comment-page-1/#comment-13498 Fri, 16 Apr 2010 01:12:59 +0000 http://blogs.reuters.com/felix-salmon/?p=3410#comment-13498 Felix – in the era of electronic banking it’s not clear that being physically a neighboring country would matter too much. Also, I’d assume that it’s possible for other EU banks to have branches in Greece. The question then is how deposit insurance works – i.e. is it based on the bank HQ location, branch location or the residence status of the account holder?

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By: Felix Salmon http://blogs.reuters.com/felix-salmon/2010/04/15/worrying-about-a-greek-bank-run/comment-page-1/#comment-13489 Thu, 15 Apr 2010 20:14:42 +0000 http://blogs.reuters.com/felix-salmon/?p=3410#comment-13489 Eric, thanks, fixed.

ec436, I have no idea. Do you?

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By: Eric_H http://blogs.reuters.com/felix-salmon/2010/04/15/worrying-about-a-greek-bank-run/comment-page-1/#comment-13488 Thu, 15 Apr 2010 20:13:01 +0000 http://blogs.reuters.com/felix-salmon/?p=3410#comment-13488 FYI, it’s Eisenbeis, not Eisenbels.

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By: ec436 http://blogs.reuters.com/felix-salmon/2010/04/15/worrying-about-a-greek-bank-run/comment-page-1/#comment-13483 Thu, 15 Apr 2010 18:33:25 +0000 http://blogs.reuters.com/felix-salmon/?p=3410#comment-13483 Felix,

Given your post, can you explain why non-euro area residents increased their deposits in Greek credit institutions in February (compared to January). In addition, why did deposits with maturity of more than two years increased while those with maturity of less than one year decreased?

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