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The European debt crisis poses the latest threat to the economic recovery, and Christopher Probyn of State Street Global Advisors says the European Central Bank’s willingness to buy sovereign bonds may be the key to whether the common currency survives. In the U.S., jobs growth has been slow, and Milton Ezrati of Lord Abbett sees only a modest pickup this year. But Chris Rupkey of Bank of Tokyo-Mitsubishi argues U.S. growth could get a boost as the housing sector starts to make a comeback.

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