It's too dark in Europe to see the light at the end of the tunnel

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The world’s eyes are on Europe. From the US to China, the long wait to find out what the future holds for the eurozone is putting everything on hold. According to Intrade, the odds on a euro breakup by the end of this year are now 39.4%, while the odds of it happening by the end of 2013 are 57.6%.

Forwarders have long been reporting that they have been shifting newly minted ‘old’ European currencies; so at least there’s a new ...