At first, why you ask Europeans opinions? As American wouldn't only Americans opinions mean something? Or have your own family just moved into USA? Secondly Europe is huge. There are variations how people will think about matters. There are no one clear answer which would fit to all. Not especially to this kind of questions which are heavily linked to culture matters (women and men roles).
If I'm looking this from Scandinavia (which is called both the most gender equal and the most feminist area in Europe ... depending to whom to ask) ... I would deal this matter into four parts.
1.) How society will see housewife?
Here I base on my answer to pure economical aspects as I do not know other way how to value this (importance). And the answer is ''BADLY''!
Yes mothers roles are one of the best in Scandinavia (fully paid
maternity leaves, free maternity packages, the world's lowest maternal mortality etc.) but longer runs that has not been supported. Opposite societies have focused free kinder garden systems so that mothers could return work already much before ad kids will start their schools. Ideas/agendas/wishes/messages are crystal clear.
2.) How people (average) will see this?
For most families it is someway benefit that both parents will work. The salary of man nowadays hardly will be not enough for lifestyle families (both parents and kids) wants. I also know many women who likes to work. Family goes first (always), but work will offer them something own and some chances to get shortly away from issues of home (= air ones head).
3.) Security of mother (and kids)
We all want to believe everlasting love, but today families and marriages will broke, even pretty often. Now if mother has stayed at home, hers life might become challenger after divorce. Fathers will need support their kids until 18 years old (via annual payments) but based on their total salaries those sums might not be huge. And how about woman alone? So many (women) wants to study and also work (owning at least some work experiences) just for cases. Same goes with possible pension. Nobody earns pension for being housewife. One kind of insurance for possible bad outcomes. Some others would say; wise behavior.
4.) If one has afford it and wants to do that, then who other people are judge that?
Here is one picture (real life)
Here is another. Now attitudes.
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