EUROPE - The Eurozone may be facing a devastating crisis as coronavirus has unearthed ignored and significant flaws in the system ultimately threatening its future use in Europe, claimed Lord Michael Howard. Mr Howard claimed tensions were flaring up in the Eurozone as the coronavirus crisis showed clear wealth differences. Lord Howard said: "Coronavirus has exposed the fundamental flaw in the whole concept of the Euro and the Eurozone. I don't think you can have a single currency without a single Government. Single currency might work well when you have large scale transfer payments from those parts of the currency zone that are prosperous to those that are less prosperous. The sort of thing that happens within a country, the Eurozone is not a country and it has a single currency." Lord Howard explained the tension building in countries that use the Euro due to the wealth differences.