Cyprus’s government on Wednesday said the island’s central bank had a share of blame for the island’s banks’ exposure to Greece, a factor which has pushed it to junk status among ratings agencies.
The comments by government spokesman Stefanos Stefanou appeared to reaffirm widespread speculation authorities have no intention of renewing the term of central bank governor Athanasios Orphanides, who represents Cyprus on the Governing Council of the ECB.
Orphanides’s five-year term expires on April 30.
(Reuters)
