Economic apocalypse, banking Sodom and Gomorrah, financial Armageddon.... Is the frequent use of such fatalistic terms in relation to the future of the European Union justified? Do clouds really swoop in on Europe's economic future? What pessimistic scenarios should we worry about? The lecture delivered by Dr Jan Libich at the 2013 Europeum Summer School discussed four frequently mentioned macroeconomic threats: bankruptcy of public finances, a prolonged economic stagnation, hyperinflation, and the collapse of the Euro. Importantly, the linkages between these threats were highlighted based on the findings of academic research. The lecture concluded with some recommendations on how to best secure Europe's economic future. July 18, 2013. Jan's website: www.janlibich.com, Europeum Summer School website: www.europeum.org/ess2013/courses.php.