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5 + 5 + 5 = 2012
Here are UBS Financial Services' forecast for five events that will happen, five that may happen and five that won't next year. All of them could have an impact on the global economy and the results will affect financial advisors and their high-net-worth clients.
WILL HAPPEN: European Sovereign Credit Quality WILL Deteriorate
A potential Greek default would be most dramatic illustration of this trend but a downgrade of Frances AAA rating would be a potential game changer in Europe. France might well become the defender of the Mediterranean countries, instead of shadowing Germany as it does now.