Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

What would happen if the Euro currency went bust?
If the Euro went bust then it would be the 12th government currency to go belly up in Europe (according to this website).  Europe holds the record for most failed currencies.  It also holds the record for the worst hyperinflation in history - Yugoslavia 1993.  I'm not sure what would happen if the Euro failed.  It depends on how it fails.  If it fails quickly (which most do) then there will be bank runs, bank holidays, capital controls, massive price increases, price controls, and just general confusion as people race to get rid of their Euros.  Black markets for everything will pop up if the price controls remain in place.  Some countries may switch to a foreign currency (i.e. the US dollar if it is still around) until they can get their own currency in circulation.