Slovenia's Kranjec: subprime may hurt EU

Marko Kranjec, the governor of the Bank of Slovenia, has said the US subprime mortgage crisis could affect eurozone consumer demand. His comments appear to contradict those of other members of the European Central Bank's (ECB) governing board.

"If there is stronger turbulence [in the subprime market], the demand of households could well be influenced negatively," Kranjec said in an interview with FT Deutschland.

Kranjec is the newest addition to the ECB's governing board, the central bank's r