If the neutral connection was lost between the supply transformer and the distribution cable, on a polyphase system, you would end up supplying the line voltage (400 v) between each of the loads on the three phases, This would cause most equipment to stop working......at best. Actual voltage would depend on the circuit load.
If the earth electrode connection was lost at the local pole (Usually PME marked), then it is possible that there would be a potential difference between the PME'd earth / neutral connection and the local earth. If the main bonding within the installation was carried out correctly, this would reduce the risk of electric shock, but could increase the risk of heating / fire if a phase-earth fault occured upstream and the bonded services (Structural steelwork / gas / water supplies) provided a lower resistance route to the star point of the distribution transformer than the supply neutral cable. Which unless you live next door to the transformer, or live in an area with permanently saturated ground is a near impossibility.
Paul