Without a rise in German wages, 2012 may see the beginning of the breakup of the Eurozone

Leunig, T. (2012). Without a rise in German wages, 2012 may see the beginning of the breakup of the Eurozone.
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At the close of 2011, British Politics and Policy at LSE asked our contributors for their thoughts and predictions for 2012. Tim Leunig offers his predictions for growth in the Eurozone in 2012, arguing that without significant intervention by Germany, in the form of pay rises for all workers, the Eurozone may well start to collapse.

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