Is there a Future in Eurozone?

One of the main reason I opted to spend some of my undergraduate years in Europe is my deep interest in the dynamics of the European economic integration--the European Union and, by extension, the Eurozone. And more precisely, the debt crisis that characterized Europe in much of 2010 with the near collapse of the Greek and Irish economies due to high debt levels that had implications on other sectors of the two economies. The big question hovering around ever since is: will Europe survive its economic woes?

Here Paul Krugman looks at the Eurozone past, in terms of where it came from, and its future, in terms of where it is headed to and what options it has on the table. In his demonstrations, he points to parallels (or lack thereof) between the Eurozone and the dollar zone (US's states under the dollar) and the case of Argentina in the 90s.