As he states, "the end of the world will be as follows:
1. Greece will leave the euro, probably next month.
2 Huge deposits from Spanish and Italian banks will be withdrawn, with depositors sending their money to Germany.
3. Bank audits to contain leaks or huge sums from the ECB to save the banking system.
"Germany," Krugman notes, "will try to make changes, or we will see the end of the euro."
And we are expected to see this in the coming months, not years, says Paul Krugman in his comment.