Summary President Nicos Anastasiades has accepted the resignation.
NICOSIA (AFP) - Cypriot Finance Minister Michalis Sarris resigned on Tuesday, saying one of the reasons was that he had been chairman of Laiki Bank, whose failure was a major contributor to the island s near financial meltdown.
His resignation was accepted by President Nicos Anastasiades, presidential spokesman Christos Stylianides said.
Earlier on Tuesday, the government launched a judicial probe into how the island was pushed to the verge of bankruptcy before having to agree a crippling eurozone bailout.
For its part, the Phileleftheros newspaper s website reported that he had quit and was to be replaced by Labour Minister Haris Georgiades.
Georgiades s former job is to be taken by commerce ministry civil servant Zeta Emilianidou, the report added.
