BusinessInsider reports that Paul Krugman sees two possible outcomes to the Euro crisis, both are considered unacceptable by the Germans at present:

“I say it’s 50/50 … Either the Germans have to accept something they consider unacceptable, or they have to accept something, the breakup of the euro, that they consider something unacceptable.”

Read the original article here. I still have to fully understand and digest the game theoretic implications of Krugsman’s point of view.