I think predictions of the demise of the Euro are very premature. The Eurocrats have built an Empire in Brussels, and they certainly won't give up easily. Their big nukes will be having the IMF (ie. the FED) or the EU Central Bank buy up bad debt in a similar "quantitative easing."
Big Central Banks around the world also want to save the Euro, and they will line up behind the status quo. I don't know how it will all end, but we are far from collapse of the Euro.
It just means we all collapse together not that collapse can be avoided