It's not exactly boom time, but most Western European economies are far from collapsing, and should the worst case happen and the euro fall apart, it is still far from certain that it will drag the stronger economies down with it.
In the mean time most people in Western Europe suffer far less from the economic crisis than most Americans and there's actual growth in Eastern Europe. Greece is an outlier, there may be more artificially propped up economies to follow and it may have wider repercussions because of the euro, but until then the great "European economic collapse" is a fiction.
For most of Western Europe, life is still good, money a little tighter and they may have to skip that yearly 2 week vacation in the Turkish sun. And this is ordinary working class we're talking about, not the elite. Collapse my ass.