Tags: Cyprus | cabinet

Cyprus President to Ask Cabinet to Resign

Wednesday, 27 Jul 2011 05:09 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
NICOSIA, Cyprus — Cypriot President Demetris Christofias will ask his cabinet to resign on Thursday as he attempts to hold together a fragile governing coalition in the face of growing public anger over a munitions blast which triggered Cyprus's worst peacetime disaster.

Christofias would seek the resignations of all 11 members of his cabinet at a meeting Thursday, government spokesman Stefanos Stefanou said.

The July 11 munitions blast destroyed Cyprus's largest power station, killing 13 people and knocking out half of the east Mediterranean island's power supply.

Cyprus was already under market pressure because of its links to debt-laden Greece but economists have warned that the island could face a bill of at least 1 billion euros following the blast.

On Wednesday, Moody's cut Cyprus's sovereign rating to Baa1 and warned another downgrade was possible, highlighting the impact of the energy crisis and exposure to Greece that threaten to tip the island into fiscal meltdown.

Also on Wednesday, the junior partner in Cyprus's two-party governing coalition, the Democratic Party (DIKO) said it had asked its two ministers remaining in government to submit their resignations in a bid to force a reshuffle.

The DIKO had last week urged Christofias to create a broad-based national unity government to cope with the fallout from the blast. The Cypriot foreign minister, who came from DIKO ranks, resigned last week.

The call to the two DIKO ministers to quit had come while Christofias, a Communist elected for a five year term in 2008, was on an official visit to France. Stefanou's statement implied that Christofias heard about the DIKO call through the media.

Christofias's centre-left government has been savaged by the opposition and thousands of Cypriots who have taken to the streets in protest over state incompetence which they say was to blame for the blast.

The munitions, confiscated from a ship bound for Syria from Iran in 2009 for being in violation of U.N. sanctions, had been stored in scorching heat at a naval base located several hundred metres from the island's main power station. Army officers had repeatedly appealed for the munitions' removal, citing deteriorating storage conditions.

 

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Gambling Nuke Commander Linked to Fake Poker Chips

Saturday, 22 Nov 2014 10:07 AM

The admiral fired last year as No. 2 commander of U.S. nuclear forces may have made his own counterfeit $500 poker chips . . .

Cassidy: Americans Waiting Too Long for Keystone XL Pipeline

Saturday, 22 Nov 2014 10:05 AM

If any bill should have passed Senate approval, it should have been the one to approve the long-awaited Keystone XL pipe . . .

Proposed Obamacare Changes Aim to Avoid Sticker Shock at Renewal Time

Saturday, 22 Nov 2014 07:50 AM

Obamacare customers who choose to re-enroll in insurance plans would automatically default to cheaper coverage during si . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved