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FRANKFURT/MILAN (Reuters) - The global solar industry is likely to face a fresh sector trough if the recent European demand feast ahead of subsidy cuts turns into a famine next year.

Excess stocks of module-cells weighed on firms such as First Solar, Q-Cells, Suntech and Solon after a financial crisis-fueled sector bust in 2008, when prices slid 50 percent, and the same could happen again.

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