Cyprus Mail

Fiscal Council member Zachariadis steps down

Marios Zachariadis has submitted his resignation from the Fiscal Council citing personal reasons, the fiscal watchdog said.

The economist, who teaches at the University of Cyprus, filed his resignation a week ago, a source familiar with the matter said. He was appointed at the council, tasked with monitoring the drafting and implementation of the government budget to prevent a fiscal derailment, in 2014.

The Cyprus Business Mail understands that the council of ministers will have to approve a replacement proposed by Finance Minister Harris Georgiades.

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