ECB official's comments appear to widen rift with Germany

05/31/2010 | Wall Street Journal, The

Lorenzo Bini Smaghi, a member of the European Central Bank Executive Board, appears to have added to a dispute between the ECB and Germany through a recent speech. He said "in one large euro-area country, it was thought that public support for swift action could be achieved only by dramatizing the situation, for instance, by telling the public that 'the euro is in danger' or by considering the possibility of expelling a country from the euro area." Bini Smaghi didn't identify Germany, but insiders said the implication was clear.

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