Greek PSI victim takes own life

A 57-year-old man from Thessaloniki, in northern Greece, has been found dead after committing suicide by hanging himself, reports said Thursday.

The man was reportedly found dead by his wife at their holiday house in Halkidiki, east of Thessaloniki.

The victim was suffering from depression after seeing most of his investments go up in smoke in Greece's 2012 debt restructuring program, also known as PSI, his wife told journalists.

She said the man had committed suicide on the day of his birthday.

The Council of State, the country’s highest administrative court, earlier this month rejected an appeal by Greek bondholders seeking compensation for the haircut. Judges ruled that the PSI was in line with the Constitution and “compelled by reasons of national interest” – or avoiding a sovereign default.