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Head of Bank of Cyprus Withdraws
Head of Cyprus’ biggest bank withdraws. Cyprus’ Labor Minister warns of recession and economic downturn due to the austerity measures imposed by the EU and Commission.
Head of Bank of Cyprus Withdraws / Picture: © Vindobona.org
As a protest against the planned split of the Bank of Cyprus, Andreas Artemi, head of the banking institute has stepped down as announced by Cyprus’ state broadcast RIK. According to insiders, Artemi is in disagreement over the amount of the mandatory levy on assets. Shorty before, Finance Minister Michaelis Sarris has told BBC that the compolsory toll on assets above the amount of…
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