I actually wrote 'may be stabilising' not 'is'. There is an enormously long way to go yet.Mainly to do with the populations willingness to accept economic policy being dictated by the IMF/ECB and every eurozone finance ministry (as revealed when the draft Irish budget was left abandoned by a committee member of the Bundestag Finance Committee).
A wider collapse of the banking system could still happen but the credibility of the Eurozone is vital to the wider European Economy as witnessed by Camerons request to attend Eurozone meetings.
A major European bank may collapse soon but that has already happened in the UK and the US.It is the wider credibility of the system that is at stake here.