Why has Cypriot Finance Minister Michalis Sarris resigned?
Cypriot Finance Minister Michalis Sarris has resigned after completing talks on a controversial bailout deal.
The 10bn-euro (£8,5bn; $13bn) deal - agreed by the EU and IMF - originally envisaged a levy on all Cypriot bank depositors, triggering public anger.
Under the revised deal, Bank of Cyprus depositors with more than 100,000 euros could now lose up to 60% of savings.
As the BBC's Mark Lowen in Athens explained, Mr Sarris had been under a lot of pressure in the weeks and days leading up to his resignation.
The move would "only add to the turmoil that Cyprus is now facing", he added.
02 Apr 2013
- From the section Business