Dani, I think you are correct about the likeliness of the twp options, and I find it most unfortunate. I am actually quite shocked about how little the EU and its leaders have done to avoid this. the solutions were all there, all the time. However, the flawed democracy in Brussels got hijacked by vested interests who, at the end of the day, had no interest in extending political cooperation and finding real solutions for ordinary Europeans. Elite influence has proved disastrous in both the EU and in the US, however, in different ways.