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The eurozone (read: Germany) has its work cut out for it.
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Whichever actions Germany takes, three things are all but inevitable: an Italian bailout, a European banking crisis, and a Greek default. Any one outcome will likely trigger the other two.
This may look like a "damned if I do, damned if I don't" type of situation, but how Berlin handles the crisis could be the difference between a weakened euro and nonexistent euro.
STRATFOR
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