The £250,000 Wolfson challenge to find the least damaging way for countries to abandon the euro has been won by economist Roger Bootle and his research firm Capital Economics.
The victorious entry, titled 'Leaving the euro: A Practical Guide', focuses on the best way for a weak member like Greece to manage an orderly exit from the single currency.
It concludes that although the departure of one or more eurozone members would create winners and losers, the overall outcome would be positive for the growth and prosperity of the rest - and the wider world economy.
Read more: http://www.dailymail.co.uk/money/news/article-2169214/Roger-Bootle-wins-250k-Wolfson-prize-guide-euro-break-up.html#ixzz1zpZeOI2v
The victorious entry, titled 'Leaving the euro: A Practical Guide', focuses on the best way for a weak member like Greece to manage an orderly exit from the single currency.
It concludes that although the departure of one or more eurozone members would create winners and losers, the overall outcome would be positive for the growth and prosperity of the rest - and the wider world economy.
Read more: http://www.dailymail.co.uk/money/news/article-2169214/Roger-Bootle-wins-250k-Wolfson-prize-guide-euro-break-up.html#ixzz1zpZeOI2v
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