I don't see this as a bad thing, quite the opposite. This will make it an order of magnitude easier for people to buy Bitcoins in Europe, simply by using their bank accounts. Once everyone uses Bitcoin as the preferred currency to buy stuff, it won't matter if the governments shut down this specific bank. People will continue to use their Bitcoin addresses through other services or tools.

The most important goal right now is to get people to use Bitcoin, and for services to adopt Bitcoin as well, so it can have a real economy behind it. Once it has a large enough global economy behind it, it should be unstoppable.