Trichet Says Officials Should Address Fallout from Bank Collapse

Former European Central Bank President Jean-Claude Trichet said today that in “a world of market economies” officials should address the probability of a bank collapse.

“We should reduce the the probability of having consequences that are very adverse,” he said at a Bloomberg conference in Davos, Switzerland. “Nobody would be foolish enough” to say that everything is safe, he said.

To contact the reporter on this story: Jennifer Ryan in London at jryan13@bloomberg.net

To contact the editor responsible for this story: Fergal O’Brien at fobrien@bloomberg.net

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