Cyprus central bank chief resigns

World News
10-03-2014 | 12:03
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Cyprus central bank chief resigns
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Cyprus central bank chief resigns
Cyprus' central bank governor has resigned just as the bailed-out country struggles to emerge from a deep recession.
     
According to a government statement Monday, President Nicos Anastasiades thanked Panicos Demetriades for helping to prevent the country's bankruptcy and stabilizing the troubled banking sector.
     
No reason for the decision was given but the two have often been at loggerheads.
     
Last year, Anastasiades launched a stinging attack against the central bank chief over his handling of the rescue deal with international creditors. Anastasiades also said he would begin proceedings against Demetriades  an appointee of the country's previous, communist-rooted president  to have him ousted for not doing his job properly.
     
Demetriades' will leave his post April 10.
 
         
AP
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