The causes of the problems for the eurozone countries and the political failure to remedy them have been well-documented on this blog.
There is little point in covering the same ground again. The following articles may be of interest:
http://www.spiegel.de/international/europe/0,1518,806469,00.html
Delusions of the eurozone.
http://www.telegraph.co.uk/finance/financialcrisis/8987886/Eurozone-collapse-starts-this-year-says-CEBR.html
http://www.telegraph.co.uk/finance/comment/rogerbootle/8987830/With-the-crisis-close-to-its-worst-point-2012-will-be-the-critical-year-for-the-eurozone.html
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8987846/Ambrose-Evans-Pritchard-2012-could-be-the-year-Germany-lets-the-euro-die.html
http://www.telegraph.co.uk/finance/comment/damianreece/8987974/2012-will-be-another-year-of-crisis-bail-outs-and-emergency-summits-in-Europe.html
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