The head of the Cypriot central bank, Panicos Demetriades, has resigned.
He reportedly experienced difficulties with Cyprus’ government and had been criticised for his handling of the country’s 10bn-euro (£8.3bn) bailout.
There was no official statement on Monday about why he had stepped down.
Mr Demetriades’ departure comes after Cyprus’ bailout was thrown into doubt when its parliament rejected a key part of the plan, and then passed it a day before the deadline was due to expire.
via SOURCE
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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