The debt crisis in Europe is still with us, Osama bin Laden is not. The Al Qaeda leader's exit offered a brief time-out from obsessing about a possible slowdown in the global recovery, the impact of inflation, the Fed's timetable for raising U.S. interest rates and the U.S. Congress' ability to raise the debt ceiling in time.

The economy beats out regulation as the top concern of senior financial executives responding to Treasury & Risk's Enterprise Risk Management Survey.

Another poll of about 500 execs at EuroFinance's International Cash and Treasury Management conference in Miami in May reveals a heart-stopping 84% see more bad economic news to come, and 57% expect Greece to default. But more than 60% feel bullish about the next 12 months and 88% say the economy is meeting their expectations or exceeding them (26%) in regions where their companies operate. The conference offers a Latin America track and drew one-third of the delegates from that region, notes Andrew Sawers, editorial director for the treasury and risk events provider, adding an emerging markets component to the results. Further, 51% say the spare cash their treasury holds is increasing, 29% say about the same, and 21% say decreasing. Improving processes is the main priority for 39%, while 47% say treasury should aim to create value for the company. This group also picks "the global economy" as their companies' No. 1 concern, followed by foreign exchange volatility and counterparty risk.

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