[1]As the following image from Spiegel summarizes [4], three things will happen simultaneously when the unthinkable finally occurs: i) economic output plummets, ii) unemployment rate soars, and iii) consumer prices explode. Of course, this is nothing but merely deferred consequences for Europe partying for over a decade under an unsustainable regime that borrowed from the future (sound familiar?). And now the inevitable hangover. In other words: payback is a bitch.
[5]
Source: Spiegel [4]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/11158
[3] http://www.zerohedge.com/taxonomy_vtn/term/10938
[4] http://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.spiegel.de%2Finternational%2Feurope%2Ffears-grow-of-consequences-of-potential-euro-collapse-a-840634.html
[5] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/06/Consequences%20Of%20A%20Euro%20Breakup.jpg