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This is a very interesting debate - and I just have to add my own opinion.

I believe that the Euro will survive. I believe so because it is a necessity for Europe to have a common currency and a common monetary policy. All the government rethoric on the subject, especially on the side of the UK, is only politics and 'smart' politicians will eventually realise that this is the ONLY way to go. The Britons will soon realise that they should join Europe the day that the Euro regains some lost ground with repect to the USD and UK exports to the continent are significantly reduced.
Nationalism may be good for election speaches but the well being of the economy will depend on facilitating international commerce.

As far as any talk of war in Europe! Small conflicts (such as the Balcans) can still happen but I cannot believe anything more is possible. Is this wishfull thinking on the part of America as a way to avoid the coming recession and re-asserting its hegemony over the rest of the world?
Europeans are still envious of the American way of life (and they try to hide it by criticising everything coming from the other side of the ocean) but Americans are afraid of what a united Europe can do to their 'power'. The next few years will be interesting, I am sure.
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