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CYPRIOT FINANCE MINISTER Michalis Sarris has resigned, saying one of the reasons was that he had been chairman of Laiki Bank, whose failure was a major contributor to the island’s near financial meltdown.
His resignation was accepted by President Nicos Anastasiades, presidential spokesman Christos Stylianides said.
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Earlier on Tuesday, the government launched a judicial probe into how the island was pushed to the verge of bankruptcy before having to agree a crippling eurozone bailout.
For its part, the Phileleftheros newspaper’s website reported that he had quit and was to be replaced by Labour Minister Haris Georgiades.
Georgiades’s former job is to be taken by commerce ministry civil servant Zeta Emilianidou, the report added.
Perhaps Pearce Doherty could take the job. Up until they were humiliated last week the Cypriot Government was following suicidal SF type strategies so there’s a natural fit.
Don’t worry, Dave. I’m sure the Wolfe Tones will write a song for Cyprus. “The Ballad of Nicosia”…? Armoured cars and tanks and guns, came to take away our Sun…..
Despite the fact that I pointed out yesterday how laughable it is when Enda et al throw out an IRA comment in order to distract, here you are doing it today.
Bizarrely, Everlast…….and I don’t know how to break this to you…….I actually don’t hang off your every word. I know. The arrogance of me. Also- I should point out I never mentioned the IRA? I mentioned Sinn Fein. They’re entirely different, don’t you know? Finally, there’s nothing laughable about pointing out the folly of the economic policy being espoused by the primary opponent of the Governments core policy or that where it was tried in another country it brought economic Armageddon down on its people. Is Sinn Fein’s economic policy beyond reproach? I didn’t realise this was An Phobhlacht online.
Sure they have done the same here.
only difference is its in the form of a loan which every man woman and child in this country is paying off for the next 20/30 years.
Not the rich and wealthy.
This guy was finance minister and chairman on the countries biggest bank. That’s a huge conflict of interest, the fact the that can even happen tells us that we’re dealing with an incredibly corrupt system.
Cyprus bankers and politicians sounds a lot like Irish bankers and politicians. First they £uck everything up then they walk away saying I’m not answerable to you.
What a perfect system for Bankers and Elite, get your man in government to the job for Banks and then just resign no worries, retire and have alot of fun !! Like our Finance Minister will do next year…………we are be taken for fools !!
Yet are right. There’s no consequences for making huge mistakes. Mistakes that have cost a nation. Wreckless trading with money belong to others, while they skim off the top. The whole thing is wrong.
More ‘politician bankers’. They are all the same. All in each others pockets in one way or another. I actually find it hard that anyone can pledge themselves to any political party right now.
I wonder was this the guy thst tipped of 132 investment companies whom pulled all their money out of cypriot banks 1week before the collapse.
Hmmmmmmm.
Rats always jump ship
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