[WS:] This confusion seems widely spread among EU skeptics and critics. Weisbrot makes an important point that EU and Eurozone are two politically different projects. However, I do not see how the fall of the Euro can take place without creating a massive crisis for the working class. The prospect of the fall will open a speculative bonanza on a scale not seen before - which will likely produce inflation, whereas employment will likely fall. The anti-inflationary measures will likely add more fuel into speculative bonanza while further hurting employment.
It seems that the real question is not whether the Euro is worth saving (which is on a par with asking whether the metric system is worth saving,) but whether the European Central Bank is worth saving in its current form. It is possible, but unlikely, to redesign this institution to serve the interests of society and labor rather than those of the capital.
Wojtek