PARTIAL OR FULL BREAKUP OF THE EUROZONE SCENARIOS

Several scenarios for partial or full breakup of the euro-zone are possible.

Scenario 1: Economic and political strains force some combination of Portugal, Ireland, Italy, Greece, and Spain (for which PIIGS is an acronym) out of the eurozone. If, on the heels of some or all of the PIIGS, France also leaves, then the euro-zone becomes in effect if not in name an enlarged Deutsche-mark zone.