What Happens If The Eurozone Fails?

We all hope for solutions to the problems in Europe.  We also know that there are no easy solutions.  Therefore, it makes sense to think about the consequences of failure.  This article explores the effects of an orderly breakup and a disorderly failure in the eurozone.  Neither of them are attractive, but a disorderly failure would be catastrophic.  The analysis of the political and economic issues that would arise from either form of failure are thought provoking.  It is a long article, that is not easily summarized, but it well worth the effort to read it thoroughly.