ECB president 'blew up' over a proposal that could have solved the Greek crisis in 2010

A conflict that "blew up" within and between the institutions negotiating Greece's 2010 bailout may have played a pivotal role in blocking efforts to ease the country's debt burden, according to a new paper. The implication of the paper is that the European Central Bank (ECB), the European Commission and the IMF screwed up in 2010 by failing to allow a restructuring of Greek debt that would have avoided the current crisis. If Greece cannot reach a new financing deal over the next few weeks it ma...