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Merkel Made Investors Fear ‘Unthinkable Problems,’ Prodi Says

German Chancellor Angela Merkel’s warnings about the health of the euro region led investors to dream up “unthinkable problems,” fueling market turmoil, former European Commission President Romano Prodi said.

“They don’t help,” Prodi said of Merkel’s comments in an interview with Bloomberg Television in Sarteano, Italy. “It may be absolutely wise to say that the banks must share the burden of, let’s say, unethical behavior, but this is not the moment, I think. And when you do that, you must put all the technical conditions on the table, because otherwise people will think of unthinkable problems.”