Thursday November 27, 2014 Search
Weather | Athens
12o C
9o 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)  
Hundreds of migrants on crippled ship off Crete
Policemen suspected of working at Piraeus bar where shooting took place
Ankara proposes private firm to seek natural gas off Cyprus
Further tension builds up at universities
Debtors snap up offer for easier settlements
The governments plan for the settlement debts to the state is paying off as Greeks are signing up in numbers for the more favorable payment scheme. In less than 24 hours since the opening o...
Belgium gas firm said to be eyeing DESFA
Belgian natural gas network operator Fluxys is said to be eyeing the Greek gas grid, after signing an agreement on Monday with its Greek counterpart (DESFA) for the drafting of a study on th...
Inside Business
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
SOCCER
EPO ends soccer suspension, Super League resumes
Soccer action will resume this weekend after the Super League convened on Monday, elected a new president and alternate president and sent a letter to the soccer federation that assures it t...
Inside Sports
COMMENTARY
Beware of the fallen idols
Akis Tsochatzopoulos, a legendary figure of the Greek socialist movement, a man who came very close to taking over the party that governed the country for half of the time following the fall...
EDITORIAL
The hard truth
The coalition government must tell the truth to the Greek people, even if this entails admitting to mistakes made over the last few months. The countrys citizens are fully aware of how cruc...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Hundreds of migrants on crippled ship off Crete
2. Atletico eyes last 16 berth against Olympiakos
3. Debtors snap up offer for easier settlements
4. Belgium gas firm said to be eyeing DESFA
5. OLP approval paves way for investment in Piraeus
6. Airport tender exceeds expectations
more news
Today
This Week
1. Anastasiades to undergo heart surgery in the US on Dec 4
2. Cargo vessel carrying hundreds of migrants adrift southeast of Crete
3. Two police officers among 9 arrested for drug trafficking
4. Trade deficit widens by 8.7 percent during Jan-Sept period, says ELSTAT report
5. Fraport, Copelouzos offer highest bid for Greek regional airports
6. Stop Mediterranean becoming vast migrant cemetery, Pope tells Europe
Today
This Week
1. Give Greece a chance
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Scientists expand excavation of ancient Amphipolis
4. Extremism from a bygone era
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.