World Bulletin / News Desk
Tunisia's parliament voted on Wednesday in favour of a presidential proposal to sack central bank governor Mustafa Kamel Nabli who had fallen out with the government over policy.
Parliament's approval came after ruling coaltion parties proposed removing Nabli in May.
Tensions have emerged in the past few months between the government and the central bank over who has the last say on monetary policy, unsettling investors already jittery after last year's revolution.
The government unveiled a target for inflation and Nabli responded by saying this figure was set by the bank and that he would not accept political interference in its work.
Speaking before the vote, Nabli said: "The decision to sack me is designed to impose ... government control on the financial and banking sector."
"The impeachment contradicts the principle of central bank indepdendence," he said.
About 110 parliamentarians in the 217-member assembly voted to remove Nabli.
Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
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The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
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The International Energy Agency also said production by the OPEC cartel and its allies fell in August and compliance with their pact to cut supply to the markets increased.
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