This book investigates the structural flaws of the Eurozone and the political failures that transformed a project of European integration into a source of economic stagnation and social division. Ashoka Mody, a former deputy director at the International Monetary Fund, utilizes his extensive background in macroeconomic policy to analyze the history of the common currency. He argues that the Euro was built on a foundation of flawed assumptions, prioritizing political symbolism over the necessary fiscal and economic mechanisms required for a stable monetary union.

Economists and political analysts frequently note the rigorous, critical nature of Mody's analysis regarding the institutional design of the Euro. Experts highlight this as a significant contribution to the debate on the viability of monetary unions, often citing the author's insider perspective as a key strength of the work.