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The Greek elections in June may have averted the most immediate challenge to the eurozone, but for treasurers of companies operating in Europe, the threat of a euro break-up remains all too real. A survey of UK CFOs published by Deloitte in July found 36% of respondents expect one or more countries to leave the euro by the end of 2012, while John Paulson, founder of hedge fund Paulson & Co., reportedly sees a 50% chance the euro will break up.

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