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If Europe risks the 'rising protectionism, isolation' seen in the '30s, IMF chief says.
Deal would extend expiring payroll tax cut and unemployment benefits.
European acquisitions could pick up amid slumping euro and depressed share prices.
Germanys domestic political turbulence could distract Chancellors efforts on eurozone crisis.
Sen. Levin says companies invest some untaxed overseas profits in U.S. banks, assets.
Data suggest improvement in U.S. labor market conditions.
