If you had a Billion Euro you'd have a diversified portfolio for one so it would not all ride on the economy of Europe. I think we can say the Euro is as safe as the American or Canadian Dollar. Countries may need to adopt a more united front or risk being removed from the euro currency. I think they are on the verge of removing the greeks from Europe currency and letting them have their own currency back that they can make worthless. A central European government may be the only way to make it work, but it will work. We are not primates. note: This advice cost 1 million Euro. cough!
There's no risk in the Euro. The French, Germans & Dutch (who are the heart and soul of the united currency) will see the Greeks to the door before they allow the currency to collapse (it should be noted that Greek insolvency and subsequent bailout isn't technically much of a threat to the currency, per se, as it is to the overall economy of Europe and as a possible tertiary effect, the currency itself, but even that is a stretch). Since Berlin has a death-grip on the ECB, there's no way that they would allow the currency--which is responsible, in part, the resilient German economy--to collapse. This is especially true now that the powers within the EU have agreed upon a platform for greater integration, including the creation of a €500 billion "rescue fund" to support the European economies. ~String
Germany does well partly because the Euro is dragged down by the Greeks, Italians, Spanish, Portuguese. The problem is, everyone wants their currency to be cheap. Which, in any sane world, would be insane. Welcome to modern "economics" where outsourcing your manufacturing (including trade many engineering secrets), even your food source, makes good sense.
You could buy precious metals then when and if the Euro does collapse, which I doubt, you could trade that metal in and get anything that you want to have as far as currency goes.
