As stock markets in Europe faltered Wednesday after Tuesday's meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy failed to reassure, one investor told CNBC that he is starting to become bullish after recent market falls.
"The policy response is very predictable," Steen Jakobsen, chief investment officer at Saxo Bank, told CNBC Wednesday.
"The markets continuously misinterpret the political will to keep this (the euro) in place."
"The politicians will override every single constitution, every single regulatory framework to keep this in place," he added.
"They think they can threaten us into some kind of obedience in terms of going away and the crisis."
The French and German leaders announced proposals for a framework to make a closer fiscal governance bond between the 17 members of the euro zone.
The heads of the euro zone's two biggest economies are also considering proposals for a tax on financial transactions, which caused alarm in the markets.
The latter proposal is "not worth wasting any time on analyzing," according to Jakobsen.
"Everything they talk about (with the new framework) has been in place since the introduction of the euro, it's really just a matter of enforcing it. This is just buying more time," he said.
"Everything that comes out is always going to happen in 2013, never this year or next."
Worries about the future of the euro have been heightened in recent weeks by rumors that France is facing a downgrade. Tuesday's unexpectedly weak German GDP figures showed that growth slowed by more than expected in Germany during the second quarter. As it is widely viewed as one of the most resilient euro zone economies, the figures alarmed the market.
"There is an ever greater burden - doing the heavy lifting through the crisis - being placed on France and Germany," analysts at FXPro wrote in a note. "If the fuel to achieve this starts to run dry, then investors will rightly be worried that the foundations of the current euro zone rescue structures will start to collapse."
However, some analysts believe that recent market turbulence will lead to some buying opportunities.
"There is too much value to be ignored in many parts of the market," analysts at Deutsche Bank wrote in a note.
"Investors should use current weakness as a buying opportunity, even though momentum will probably not be supportive as earnings and macro conditions may disappoint."
European politicians will do what is necessary to keep the euro, and the markets, going, according to Jakobsen.
"For the grand old politicians of Europe, this is a security policy. This is what saves us from war," he said.
"These politicians are both going into an election cycle. They need to show constituents that they will do something to punish those who have failed."
The debt problems currently facing the euro zone started in peripheral smaller countries such as Greece, but now threaten to spread to the bigger economies.
Greece has now had two bailouts and is currently facing a raft of new austerity measures and a clampdown on tax evasion.
"If Greece fails to live up to this, they have to pay at the cash register. We can't have this moral hazard of just giving away money," said Jakobsen.
"Democratizing this means everybody has the upside when it goes well, and the downside when it goes down."
He believes that investors should be long gold , which is scaling record highs at the moment, and silver , and find a way of shorting the Swiss franc as its valuation is "so unfair relative to the economy." He also thinks that investors should defend themselves against the possibility of a euro collapse, although he believes it won't happen.