 Jan. 1 (Bloomberg) -- German Chancellor Angela Merkel said she expects turbulence in 2012 as she does “everything” to save the euro and end Europe’s sovereign debt crisis. “It now looks as though 2012 will be the year when the euro starts to break up,” the London-based CEBR said in a statement today. One of these is that a common currency can only be successful if we cooperate more than in the past in Europe.” 
 
 The euro had a second consecutive annual loss against the dollar in 2011 for the first time in a decade as rising yields on the region’s sovereign debt reflected speculation about defaults and stalling economic growth.
– Welcome to the year that the Eurozone begins its breakup and slides into certain doom—or so says one economic think tank in Europe. There is a 60% chance that "at least one country (and probably more) will leave" the euro in 2012, the head of the Centre for Economics and Business Research says. He adds that Greece's departure seems "pretty certain" and Italy will "more likely than not" follow suit, the Telegraph reports. CEBR gives the euro currency a 99% chance of failing over the next 10 years, and warns that a global depression may follow. Along the way, the think tank says, French and German banking systems could seek bailouts and even be nationalized, the Financial Post reports. For now, European leaders are trying to give Spain and Italy time to gain control over their debt. German Chancellor Angela Merkel said yesterday that 2012 will be turbulent but that she will "do everything to strengthen the euro," Bloomberg reports. (Read about S&P's plan for the Eurozone.)