Cypriot finance minister resigns as country seeks easier bailout

The Cypriot finance minister has resigned due to an ongoing investigation into the causes of the banking crisis in the country.

2nd April, 2013
Cypriot finance minister Michael Sarris.

The Cypriot finance minister has resigned due to an ongoing investigation into the causes of the banking crisis in the country.

Michael Sarris submitted his resignation to President Nicos Anastasiades today, he told reporters in Nicosia. Sarris was chairman of Cyprus Popular Bank, which is one of the bank’s at the centre of the crisis on the island.

Cyprus government officials are seeking easier bailout terms in talks with representatives of the European...

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