Just a wonderful kind of breakup of architecture, and the way that the trees form vertical elements.

NEW HAVEN Great significance probably too much has been attached to a possible breakup of the eurozone. Many believe that such a breakup if, say, Greece abandoned the euro and reintroduced the drachma would constitute a political failure that would ultimately threaten Europe s stability.

Narrator Eventually, the race to the future took on added momentum with the breakup of the telephone company.

A eurozone breakup (including a Greek exit and loss of access to capital markets for Italy and or Spain).

So the IPCC said that we might see significant breakup of the arctic ice in 2100, in their worst case scenario.

This policy cannot endure for long. Either stagnation will lead to the eurozone s breakup, or circumstances will force a policy change.

In the next few months, it will become clear whether European policymakers can compromise and implement reforms that dampen the threat of a eurozone breakup. Either the EU moves in the direction of a more stable equilibrium of closer integration, or the risk of an unstable and disorderly breakup scenario will rise significantly.

CAMBRIDGE The world economy faces considerable uncertainty in the short term. Will the eurozone manage to sort out its problems and avert a breakup?

In the '90s, after the breakup of the Soviet Union, Yugoslavia fractured along ethnic fault lines, and civil war broke out between Bosnia, Croatia and Serbia.

Trapped in a web of codependency, the US China relationship has become fraught with friction and finger pointing. In human behavior, the endgame of this pathology is usually a painful breakup.

BARCELONA The European Union has brought 28 countries into a closer political and economic union. Paradoxically, it has also made it more feasible to contemplate the breakup of some of those countries.

The only question is the scale, timing, and manner of its breakup. Greece, and probably other Mediterranean countries, will default and regain the freedom to print money and devalue their exchange rates.

For Turkey, Syria s plight is a strategic nightmare, because any breakup of Syria implies the possible rise of a greater Kurdistan, which would raise claims to a great swath of Turkish territory.

In this context, the eurozone s most heavily indebted countries will have to force their creditors to accept a restructuring of public debt. The preferable alternative would be growth boosting devaluations that is, a eurozone breakup.

If interest rate spreads on Spanish and Italian government bonds are any guide, bondholders are no longer betting on a eurozone breakup. European stocks even rose in the week following last month s inconclusive Italian elections.

Down the road, there was another building, a nice visual structure horizontal, vertical elements, little decorative lines going across, these magenta squiggles, the workmen being reduced to decorative elements, just a nice, kind of, breakup of the urban place.

Yields on Spanish and Italian bonds, which had risen to unsustainable heights over fears of a eurozone breakup, fell sharply after the announcement. They have remained at lower levels ever since, despite little visible improvement in the European economy.

That first war among socialist states shattered the myth of inviolable fraternal bonds between the Soviet Union and the captive nations of Eastern Europe. But Khrushchev never envisioned the breakup of the Soviet empire as part of his thaw.

And then when I went through that big, horrible breakup with Carl and I couldn't get off the couch, I listened to your song, Now That I Don't Have You, over and over and over and over again.

One thing is certain a breakup of the euro and the EU would entail Europe s exit from the world stage. Germany s current policy is all the more absurd in view of the bitter political and economic consequences that it would face.

Even electronic transactions should be able to generate symbols of peace, trust, and unity. The point is that if Europe can keep these symbols alive, even a eurozone breakup would not have the dire political consequences for Europe that so many predict.

Already German, Dutch, and Finish savings amounting to 15,000, 17,000, and 21,000, respectively, per working person have been converted from marketable investments into mere equalization claims against the ECB. No one knows what these claims will be worth in the event of a eurozone breakup.

Noam Toran and Accessories for Lonely Men the idea is that when you lose your loved one or you go through a bad breakup, what you miss the most are those annoying things that you used to hate when you were with the other person.

At the same time, regional separatist movements such as those in Catalonia and Scotland challenge the legitimacy of nation states as they are currently configured and seek their breakup. Whether they do too much or too little, many national governments face a crisis of representation.

The good news is that a powerful investment led impetus should partly offset declining export growth and allow Asia s landing to be soft rather than hard. All bets would be off, however, in the event of a eurozone breakup and a full blown European implosion.

My impression is that German public and political opinion is beginning to recognize the economic devastation for Europe and Germany implied by a euro breakup. German politicians bear the important democratic responsibility of reinforcing this realization and advocating the steps needed to avert a catastrophe.

But the consequences are so unpredictable, and the costs of any domino effect potentially so large, that Germany and other creditors have no interest in precipitating a Grexit scenario. On the contrary, presiding over the eurozone's breakup must be one of German Chancellor Angela Merkel's worst nightmares.

The EU would become unacceptably diluted. That is why former French President Valéry Giscard d Estaing feared that Turkey s entry would lead to the EU s breakup, and it is why former German Chancellor Helmut Schmidt said, Accession of Turkey would be more than the EU could bear.

Against this backdrop, institutional investors self insured quite rationally against a eurozone breakup by withdrawing behind safer borders. With fiscal policy incapable of responding, the ECB was stuck with a second intermediation role mitigating with its Target2 system the effects of European financial markets re segmenting along national lines.

Barring a disorderly breakup of the eurozone, which seems unlikely, the International Monetary Fund s baseline forecast of 4 annual growth in world trade for 2012 seems reasonable. That would be subpar relative to the 6.4 growth trend from 1994 to 2011, but nowhere near the collapse recorded during 2008 2009.

PARIS Some economists believe that this summer could mark the moment when some of the eurozone s peripheral members may begin to be forced out others think that such a scenario is inconceivable. All agree that, at least in the short term, a eurozone breakup would be disastrous for jobs and growth.

First, investors might be telling themselves that in the worst case scenario, the northern European countries will effectively push out the weaker countries, creating a super euro. But, while this scenario has a certain ring of truth, surely any breakup would be highly traumatic, with the euro diving before its rump form recovered.

But the risk to EU gas supplies shows that our fates are linked. Europe must play its part as Ukraine redefines its historic ties to Russia, and its actions must do nothing to undermine Ukraine s national independence or, indeed, that of any of the countries that emerged from the Soviet Union s breakup.

Who would have thought that British Prime Minister David Cameron would call on eurozone governments to muster the courage to create a fiscal union (with a common budget and tax policy and jointly guaranteed public debt)? And Cameron also argues that deeper political integration is the only way to stop the breakup of the euro.

One obvious possibility today would be a disruptive breakup of the European Monetary Union. In that case, both China and India, like most of the world s economies, could find themselves in serious difficulty with an outright contraction of Chinese exports, as in late 2008 and early 2009, and heightened external funding pressures for India.

Worse, the eurozone may again be at risk, with a Greek exit eventually causing a domino effect that eventually leads to the eurozone s breakup. Or a British exit from the EU may trigger European dis integration, with the additional risks posed by the fact that some countries (the UK, Spain, and Belgium) are at risk of breaking up themselves.

The European Central Bank s announcement of its outright market transactions program has reduced the risk of a sovereign debt crisis in the eurozone periphery and a breakup of the monetary union. The Bank of England has moved from QE to CE (credit easing), and the Bank of Japan has repeatedly increased the size of its QE operations.

Whether it is the breakup of public monopolies, such as electricity, gas, telecommunications, and even the post office, or the replacement of military conscription by a professional military, or pension reform, France has changed much more than is commonly believed. This is particularly true with respect to French companies, which have remarkably adapted to the demands of international competition.

But monetary abuse is no less dangerous in political systems with multi layered authority, and in the past often led to the breakup of federal states. That is because inflation is not a benign cure for economic ills, in which beneficent and stimulatory effects are spread equally over the entire region under the inflationary monetary authority.

And yet, despite the risks, European leaders remain remarkably inactive, apparently reassured by European Central Bank President Mario Draghi s promise to do whatever it takes to protect the monetary union from collapse. But prolonged inaction, induced by relative calm in financial markets, will perpetuate stagnation and eventually lead to a breakup of one sort or another.

Now that the Fund has squarely acknowledged the huge capital holes in many European banks, it should start pressing forcefully for a comprehensive and credible solution to the eurozone debt crisis, a solution that will involve either partial breakup of the eurozone or fundamental constitutional reform. Europe s future, not to mention the future of the IMF, depends on it.

Since he took the helm at the ECB, Draghi has brilliantly walked the fine line required to do whatever it takes to keep the eurozone intact. (After all, there would be little point in upholding pristine principles if doing so resulted in a breakup, and fiscal austerity alone was never going to return the periphery countries to sustainable debt paths.)

But prolonged inaction, induced by relative calm in financial markets, will perpetuate stagnation and eventually lead to a breakup of one sort or another. Either gradual attrition, with weaker countries defaulting, will lead to a more restricted German led club of virtuous countries, or Germany itself will choose to pursue a policy of narrow fiscal advantage by seceding from the eurozone.

In the run up to the referendum, Scotland s independence movement became an important point of reference for Catalans and Basques in Spain, the Flemish in Belgium, the Veneto and South Tyrol regions in Italy, Corsicans and Bretons in France, and the secessionists of Quebec. All hoped that Scotland would pave the way for the peaceful breakup of their own states.

The muddle through scenario with financing provided to member states in distress (conditional on fiscal adjustment and structural reforms), in the hope that they are illiquid but solvent is an unstable disequilibrium. Indeed, it could lead to the disorderly breakup scenario if institutional reforms and other policies leading to closer integration and restoration of growth in the eurozone s periphery are not implemented soon.