In his book "The Euro: How a Common Currency Threatens the Future of Europe," Joseph E. Stiglitz argues that the eurozone was fundamentally flawed from its inception. He suggests that the design of the euro and the economic policies associated with it have led to significant economic imbalances among member states, which created vulnerabilities that the system could not adequately address.

Stiglitz emphasizes that the lack of fiscal integration and the imposition of strict austerity measures have exacerbated these problems, leading to increased tension and division within Europe. He warns that without necessary reforms to improve the eurozone's structure, the future of Europe could be jeopardized, as countries struggle to reconcile their economic differences and stability remains elusive.