Global: Is the end nigh for the eurozone?

The public debt crisis that has crippled the abilities of the Eurozone states is evolving into a banking crisis with negative ramifications worldwide, states this article from 'In such a case, the political turmoil that would ensue - along with the proliferation of conflicts, ethnic animosities and revolts - would potentially bring about the most radical transformation of the established political order that the world has seen since the 1940s. In the case of such a critical circumstances, policy makers would seek out desperate solutions, sacrificing less valuable parts of the system for the survival of the rest, implementing massive debt relief programs and considerable changes in political management practices in the Eurozone as well as globally.'