It is quite clear to me now that most people here are missing the point of this thread completely.

A Eurozone debt default does not destroy the Euro, nor does debt restructuring end in countries having to leave the Euro.

Trying to maintain the value of the bad euro loans will break the euro if we try to pretend they wont be restructured later.

Sounds funny cos its the same result but you have strangled domestic demand and encouraged capital flight to non euro countries which is a killer for a currency.