It is still possible to send/receive money from/to europe, now without the cheap SEPA possibility it cost more fees - thats all.
you have to use the 'international wire' option at mtgox.
its a IBAN/SWIFT way, usually very fast (1-2 hours total on a businessday for my IBAN/SWIFT withdraws) but banking fees on both sides.
if you want to withdraw big money (>10.000 US$) its quite NO PROBLEM. Fees are together (both sides) about 45 US$.
You also can use intersango or bitmarket. I usually do my business at bitmarket when SEPA transfers are frozen at TradeHill/MtGox (which happens very often).
Note that we are mining at 4/5 blocks per hour so (theoretically) there are also less bitcoins coming into the market
