Oh, I am diversified. It's just that a collapse of the euro will hurt badly significant part of my wealth. It won't destroy it all, but it will be very painful. My home currency is pegged to the euro, thus my direct income and a large part of my assets are essentially euro-denominated. Plus, it is really unknowable how an euro collapse would affect my other assets. Presumably, some will go up (gold, USD), at least relative to the euro-denominated assets, but a major financial dislocation of the markets usually has bizarre unforeseeable consequences.