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The euro region will have another debt crisis by this spring, when Spain and Italy have to refinance more than 400 billion euros of bonds, CEBR Chief Executive Officer Douglas McWilliams said in an e-mailed note on Dec. 31.
“The euro might break up at this point, though European politicians are normally able to respond to a crisis,” he said. “If the euro doesn’t break up, this could be the year when it weakens substantially toward parity with the dollar.”
