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.
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The court said the decision "breached the law" because of procedural flaws, according to a copy of the verdict.
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"We will look carefully at tax rulings issued by Luxembourg to GDF Suez," Vestager said in the Commission statement.
The Bank for International Settlements (BIS) -- dubbed the central bank of central banks -- said a gauge of Chinese debt had hit a record high in the first quarter of the year.
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Adeosun said that the bonds are expected to go on sale in December, with the proceeds channelled into capital projects.
May also ruled out a new general election anytime soon, saying Britain needed stability following June's referendum vote to pull out of the European Union.
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"It appears that a programme of public spending in Germany would not be the most appropriate tool to help give a strong stimulus to the international economy," the central bank said following a study into the issue.
The 0.3 percent quarterly gain was in line with average forecasts compiled by data company Factset.