I actually think they will implode. The whole social contract thing was, we tax you a lot but in return you get social services, not like Americans who are left to die.Deep cuts in social welfare and pensions is probably on the table, which in itself will cause immense domestic turmoil.
So now these oligarchs will unilateraly change it to, "look, we are going to keep your taxes high, and probably even increase them even more. In return, we will cut social services/benefits. Art of the deal!"