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The European sovereign debt crisis has created a cloud of uncertainty as businesses head into year-end, and many finance executives expect the situation to deteriorate further. A survey of 75 senior treasury officials, most from European companies, attending an IT2 user conference last month shows 54% expect the eurozone to break up in the next year. And according to Financial Executives International’s quarterly survey, 65% of U.S. finance chiefs expect Greece to default, as do 42% of European CFOs.

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