1. Policymakers will keep the Eurozone intact by taking key steps towards fiscal union, with ECB role being critical.
2. ECB will cut the policy rate to €75 billion but, launching QE only if the debt crisis intensifies again in quarter four.
3. Fiscal deleveraging headwinds may tip the EURO Area into recession but, ECB easing should help to underpin a noticable recovery in 2013.
4. Away from the baseline there is a risk policy may not do enough to keep the EURO intact and thereby trigger a MAJOR RECESSION!
5. EURO Area inflation to remain above 2% until late 2012.
6. New President elected in France.
7. Signs that there will be a new German Chancellor.
8. Arthur O Hara will win the Euro Millions Lottery.

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