ECONOMY

Nobel economics laureate Christopher Pissarides to head Cyprus’s economic council

Cyprus’s President-elect Nikos Anastasiades has appointed Nobel economics laureate Christopher Pissarides to head the country’s newly formed economic policy council.

The new body will oversee the country’s economy and issue proposals to the president regarding macroeconomic issues, Pissarides told Cypriot state broadcaster CyBC on Tuesday.

Meanwhile, appointed Finance Minister Michalis Sarris had a long consultation with outgoing minister Vassos Shiarly ahead of Sarris’s trip in view of his participation in next week’s Eurogroup meeting of eurozone finance ministers.

Sarris will travel to Brussels on Saturday to consult with various European Union officials ahead of the Eurogroup scheduled for March 4.

Elected president of Cyprus on Sunday, Anastasiades has promised to move fast to secure foreign aid to help the country emerge from its worst financial crisis in four decades.