The best way to do Europe on the cheap is to ski in Colorado. If the Alps are sick, I'd wait until they are healed up and healthy before going. If you do decide to go to Europe given those caveats, I would not recommend renting a car. You don't need one in Europe. It will be cheaper and less stressful to do public transportation. If you've checked out the Euro forecast and have decided on the Western or Eastern Alps then your choice of GVA or ZRH is decided upon. From either of those airports within 2-3.5 hrs by public transport will put you into a Ski Cornucopia of choices. Again, it all depends on what the Euro forecasts are indicating. If I'm not mistaken, the Brits are on break around 3rd week of Feb. Should be able to get decent choice of inexpensive accommodations with out reserving to far in advance where ever the forecast sends you. Lift tickets generally aren't stupid expensive like America, so that shouldn't factor too much into your equation.
"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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