File - Cyprus’ Central Bank chief Panicos Demetriades gestures during an interview with The Associated Press at his office in central bank of Cyprus in capital Nicosia, Cyprus, Jan. 15, 2013. (AP Photo/Petros Karadjias)
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Cypriot central bank governor Panicos Demetriades, whose testy relations with island's government dogged a tumultuous tenure when Cyprus teetered on the brink of bankruptcy, resigned Monday.Demetriades' resignation was accepted by President Nicos Anastasiades, an official statement from the Cypriot presidency said. Tensions between the two men have simmered for months, bursting into open animosity when the right-wing Anastasiades was elected Cypriot president a year ago.There was no immediate official word on why Demetriades resigned. Anastasiades had openly accused Demetriades, a member of the Governing Council of the European Central Bank, of mishandling the Mediterranean island's bailout by international lenders last March.
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