Wednesday September 3, 2014 Search
Weather | Athens
28o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Cyprus Finance Minister Sarris on his way out [update]

Cypriot Finance Minister Michalis Sarris is about to be replaced upon his return from his current trip to Moscow, Kathimerini understands, as he no longer enjoys the support of President Nicos Anastasiades following his handling of the crisis, although the minister denied there was any truth in that.

Sarris is seen to have failed to show the resistance Nicosia needed in order to avert the set of measures that has undermined the credibility of the Cypriot credit system and created turmoil across the world's markets.

He is also considered to be the target of criticism by Moscow for accepting the Eurogroup decision of last Saturday in favor of a haircut on all bank accounts.

Sarris denied reports that he had resigned, telling Reuters by text message there was "no truth" to the reports.

Sarris set off to Moscow on Tuesday afternoon to have talks with his Russian counterpart in the wake of the Eurogroup decision that will affect thousands of Russian depositors in Cypriot lenders.

His departure from the ministry will also be used to calm down public opinion in Cyprus.

The head of the Financial Committee of the Cypriot Parliament, Nikolas Papadopoulos, a Democratic Party (DIKO) deputy, asked on Monday for the replacement of Sarris in order for Brussels to get the message that Cyprus will not accept the bank account haircut, as well as to appease Moscow.

Athens News Agency cited a government source saying that "whoever must go and does not quit, will have to be sacked."

ekathimerini.com , Tuesday March 19, 2013 (19:45)  
Greek academics say anti-racism bill risks interference with freedom of expression
Report points to suspicious clinic charges to EOPYY
New rector seeks to introduce ID checks at University of Athens
Govt upbeat in troika talks, says budget on target
Helexpo sell-off plan to be ready by mid-October
Helexpo, the state company that organizes major exhibitions such as the Thessaloniki International Fair, is in the last stages of drawing up its privatization plan. Sources say that the prop...
Maniatis talks energy with Washingtons man in Athens
Energy Minister Yiannis Maniatis held a meeting yesterday with US Ambassador in Athens David D. Pearce to discuss possible natural gas supply problems that Europe may face this winter due to...
Inside Business
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Poise matters
A politician who wishes to demonstrate that he is a leader needs two fundamental characteristics: poise and the ability to rely on his instinct. Poise has been a prerequisite since long befo...
EDITORIAL
The right decision
A year ago, when former Health Minister Adonis Georgiadis announced that auditing companies were set to begin investigating expenses submitted by certain private health clinics to social sec...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek academics say anti-racism bill risks interference with freedom of expression
2. Helexpo sell-off plan to be ready by mid-October
3. Maniatis talks energy with Washingtons man in Athens
4. Task force to examine cases of extreme taxation, customs issues
5. Hotels hike prices by 10 pct in H1 of 2014
6. Pension system nears breaking point
more news
Today
This Week
1. The right decision
2. Poise matters
3. Greek academics say anti-racism bill risks interference with freedom of expression
4. Politicized archaeology
5. Rain and storms with hail expected in many parts of Greece
6. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Strong undersea quake occurs off island of Milos, felt in Athens
4. Hardouvelis, ECB executive discuss bank program, stress tests
5. Greek quest for debt relief faces hurdles in Paris
6. Prospect of Greek grand prix back on the agenda; huge investment needed
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.