EMU break-up risks global deflation shock that would dwarf Lehman collapse, warns ING - Telegraph

EMU break-up risks global deflation shock that would dwarf Lehman collapse, warns ING - Telegraph: "A full-fledged disintegration of the eurozone would trigger the worst economic crisis in modern history, devastate every country in Europe including Germany, and inflict a deflationary shock on the US. There would be no winners, warns the Dutch bank ING in a new report 'Quantifying the Unthinkable'."