Cyprus Central Bank Independence Attacked, Official Says

The governor of Cyprus’s central bank said the government is attacking his institution’s independence at the same time as his family endures death threats from people who lost money in the country’s bailout.

“The independence of the central bank of Cyprus is being attacked at this time,” Panicos Demetriades, who is also a member of the European Central Bank’s Governing Council, said in an interview in Dublin yesterday. His ability to manage the situation is being made more difficult by “death threats not only to myself, but toward my children and my wife,” he said.