Schwarzer is adamant that the positives of the Europa League far outweigh the negatives.
"100 per cent," he told the Western Mail. "I've had two unbelievable runs in Europe - once in the Uefa Cup at Middlesbrough and once in the Europa League at Fulham - and they are memories you'll never forget.
"For a club like Swansea it will be an amazing experience if they embrace it and do well.
"The Europa League is what it is and I think you've got to make the most of it. It's still a European competition.
"Is it unrealistic for clubs like Fulham and Swansea - two similar clubs - to finish in the Champions League positions? Possibly.
"The next best thing is the Europa League and it's a fantastic competition to be involved in if you do as well as we did and go as far as we did."