NEWS

Blogger faces charges for spreading rumors of haircut on Greek bank accounts

The first instance prosecutor’s office in Athens ordered an investigation on Friday into an unsubstantiated rumor that appeared on a popular blog claiming that deposits at National Bank were going to be forced to take a haircut.

The article alleged that even deposits under 100,000 euros would be affected by the measure.

The bank took legal action and the author of the blog faces charges of attempting to manipulate the stock market, spreading false news, attempted fraud and undermining faith in a currency.