
Panicos Demetriades is Professor of Financial Economics at the University of Leicester and Fellow of the Academy of Social Sciences. He holds a PhD in Economics from the University of Cambridge and BA and MA degrees from the University of Essex. During May 2012- April 2014, Demetriades served as Governor of the Central Bank of Cyprus and member of the ECB’s Governing Council. Within three days of his appointment, Laiki, the second largest bank on the island, requested state aid. Bank of Cyprus, the island’s largest commercial bank, followed soon afterwards. Between them the two banks had a balance sheet size of four times GDP, as a result of the influx of Russian and Ukrainian money. They were not only too big to fail but also too big to save, forcing the Cypriot government to apply for financial assistance from Europe and the IMF. His first book “A Diary of the Euro Crisis in Cyprus” tells the true story of the crisis, starting from his first day in office. It has been described by leading economists as a “must read”, “a political and economic thriller” and “a vivid and dramatic story”. More details about the author can be found on his book website: https://sites.google.com/site/adiaryo...