ECB cautions Cyprus to respect central bank’s independence

By Stelios Orphanides

The European Central Bank is monitoring developments in Cyprus concerning president Nicos Anastasiades’s decision to initiate a process to have Central Bank of Cyprus removed from office, an ECB spokesperson said.

“We remind everyone to respect the independence of the national central bank,” the ECB spokesperson said in a telephone interview today on condition of anonymity.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.