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Global Poll Shows Euro Surviving 2012

Analysts and traders expect Spain to request a rescue within 12 months.

By Simon Kennedy, Bloomberg | Updated on September 06, 2012

Spain will request a sovereign rescue within a year, while Italy will avoid that fate, as the euro-area’s debt crisis looks set to enter a fourth year, ccording to the Bloomberg Global Poll.

Almost three years since Greece revised its deficit numbers, triggering financial market turmoil across Europe, 85 percent of 847 investors, analysts and traders who are Bloomberg subscribers said Spain will seek aid in the next 12 months. Fifty-nine percent said Italy will skirt a rescue over the same timeframe.

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