Have you sold all your euros? Made an exit from European equity markets? Or possibly taken short positions against the euro and stand to reap some impressive rewards? If so, you might be feeling a little smug at the moment.
However (there is always a 'however' in these matters), a convincing case for complacency has yet to be made, even for those of us who live in Asia, far removed from the travails of Europe.
Because of the increasing integration of financial markets and the speed at which information is conveyed, every time an event occurs - albeit in a minor market such as Greece (which accounted for a mere 2.3 per cent of the euro zone's economy last year) - there is talk of contagion.
The first impact is likely to be on the highly vulnerable economies of Spain and Portugal, followed by Ireland, which is still struggling to get off its knees. Italy, which defies gravity when the nation's lifestyle is compared with its fiscal deficit, will probably be the next to fall.
All these nations, of course, are united by this currency, and it is precisely the global nature of the euro that causes the problems.
As the euro devalues, goods made in the European Union become cheaper on world markets, and the knee-jerk inclination to seek production in lower-cost places, such as Asia, diminishes.
Then there is the question of European demand for imported goods. In China, for example, Europe was the destination for 18 per cent of exports. However, in April, the brokerage CLSA estimates that the exports to the euro zone dropped 2.4 per cent from April last year.