On the contrary; if the conditions continue to deteriorate, I fear a violent disturbance of peace coming from the southern countries. There's a reason why Greece's far-right party Golden Dawn raised from 0.23% to almost 7%, and I can see that happening in other countries where unemployment is rampant and poverty rising.
Not going to happen. Europeans knows the true cost of war on our home soil -- the prohibitively high cost -- and we are quite used to small humiliations to keep the peace.