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Trichet Says Officials Should Address Fallout from Bank Collapse

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Jan. 27 (Bloomberg) -- 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.

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To contact the reporter on this story: Jennifer Ryan in London at

To contact the editor responsible for this story: Fergal O’Brien at