From the looks of things they might be better off converting their euros to swiss francs or dollars.

On a positive note, in many parts of europe families own their homes, the extended family is still intact, and they're used to getting by with less. Which means its easier for them to pull resources and get by in austere times. Not to mention there's usually a few family members in each household who grew up in a village and still know how to farm or garden. This is especially true in southern europe. And cities are more conducive to walking or using public transport.