Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What would happen if the Euro currency went bust?
Krugman (Nobel prize in Economy) has just said: Greek euro exit, very possibly next month. Huge withdrawals from Spanish and Italian banks, as depositors try to move their money to Germany. 3a. Maybe, just possibly, de facto controls, with banks forbidden to   transfer deposits out of country and limits on cash withdrawals. 3b. Alternatively, or maybe in tandem, huge draws on ECB credit to   keep the banks from collapsing. 4a. Germany has a choice. Accept huge indirect public claims on Italy   and Spain, plus a drastic revision of strategy — basically, to give   Spain in particular any hope you need both guarantees on its debt to   hold borrowing costs down and a higher eurozone inflation target to   make relative price adjustment possible; or: 4b. End of the euro. And we’re talking about months, not years, for this to play out. http://krugman.blogs.nytimes.com/2012/05/13/eurodammerung-2/