If the Euro and Eurozone fail...

This out today in the news: US bank warns of eurozone breakup 'pandemonium' Citigroup economist and former central banker Willem Buiter warned Thursday that a fully blown breakup of the eurozone could spell a global depression with unemployment of 20 percent and economic pandemonium. Sketching a stark picture of the stakes facing European leaders as they gather in Brussels to discuss how to save the single currency, Buiter said a breakup would unlikely be planned, orderly or gradual. Buiter, a former Bank of England policy maker, predicted in a research note that a breakup would be "disruptive, destructive and without any winners." Basically, I think this is what he has in mind: Wish us all luck, ladies and gentlemen.