What are the real risks for the euro zone?

What are the risks that should truly be feared for the euro zone, among the various possible risks? The risk of a public debt crisis and of a break-up of the euro, set in motion by a sharp rise in long-term interest rates, is likely to be kept at bay by the ECB’s interventions and by Europe’s mutualisation of a portion of the fiscal deficits; The risk of a political crisis linked to an anti-European reaction in some countries also seems able to be defused by the observation of the very positive role played by Europe (debt mutualisation, recovery plan) and the ECB; The risk of a social crisis, in contrast, is greater: many economic sectors will be in great difficulty and employment in these sectors will fall; the young will be particularly hard-hit by the crisis; workers on short-term employment contracts already have been .