We investigate a question of Burns and Sano concerning the structure of the module of Euler systems for a general $p$-adic representation. Assuming the weak Leopoldt conjecture, and the vanishing of $\mu$-invariants of natural Iwasawa modules, we obtain an Iwasawa-theoretic classification criterion for Euler systems which can be used to study this module. This criterion, taken together with Coleman's conjecture on circular distributions, leads us to pose a refinement of the aforementioned question for which we provide strong, and unconditional, evidence. We furthermore answer this question in the affirmative in many interesting cases in the setting of the multiplicative group over number fields. As a consequence of these results, we derive ...