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Archives April 13, 2013 posted by

Majority of CBC board resigns

THREE Central Bank of Cyprus (CBC) board members resigned yesterday, in what could only be interpreted as a motion of no confidence in the governor who has been under fire over his handling of the banking debacle.

Demetriades claimed the CBC’s independence was being attacked by the government while at the same time his family was being threatened by people who lost money in the crisis.

The three members, Haris Ahniotis, Andreas Matsis and Louis Christofides, quit the seven-member board, leaving Governor Panicos Demetriades alone with one remaining member.

Another member resigned a few months ago while the government recently rescinded the appointment of Sypros Stavrinakis to the post of deputy governor.

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