Might be worth asking the British on their current opinions...
Anything like this happening in the UK would effectively kill the Labour Party. Even I don't want that to happen.
The Labour Party would never die.
It would probably recreate the early 80s, though.
But yeah, I meant on the Euro - as it seems that much of the reason Britain's banks are in even worse trouble than ours is the perceived weakness of British central banking as viz. the ECB - but it would probably be wiser to postpone the question until that's become even more glaringly apparent (not that I'm hoping that happens - or that I think that certain or near-certain. I don't. I certainly don't consider it unlikely, though.) Of course memories of 1992 (or '3?) and of whenever Labour went cap-in-hand to the IMF also play a role there.