ECONOMY

Ex-President Christofias blamed for Cypriot crisis

The committee investigating the causes of the financial and credit sector crisis in Cyprus on Friday placed the greatest share of the blame on the government of former President Dimitris Christofias, saying in a report that he determined the country’s economic policy, ignoring the consequences that it would have on the Mediterranean island.

The committee further blamed the parties that supported the Christofias government, as well as current President Nicos Anastasiades and his government for their allegedly poor preparation for the Eurogroup negotiations last March.

The report further questions the price of the sale of the branches of Cypriot banks in Greece to Piraeus Bank.