The euro will survive (That's not a typo)
While the euro has weakened recently, it is still actually up slightly against the dollar and British pound this year. The euro may not be able to hold on to those gains much longer if Greece defaults , but it probably won't collapse either.
Experts said that the euro has a solid chance of making it through this crisis, albeit in a possibly modified (i.e. no Greece) form, simply because "strong" eurozone nations know that they are still better off with a unified currency for trade reasons.
Germany, France and The Netherlands, for example, could have a more difficult time exporting goods if they went back to the days of the Deutsche mark, franc and guilder.
A benefit of having a currency pegged to the economies of various nations is that the weaker ones balance out the healthier ones so you are left with a currency that shouldn't get too overheated. That's exactly the problem Switzerland is now facing with the Swiss franc.
"I think the members of the EU want the euro to survive. Whether or not Greece is part of the euro though, that's about a 50-50 proposition at this point," said Greg Michalowski, chief currency analyst with FXDD, a foreign exchange broker In New York.
