Some of the greatest and best-educated brains in the euro zone have pondered the question: how would you break up the euro zone? Only one – a boy from the Netherlands who was just 10 when he wrote his solution to a Greek exit from the euro zone – has got a prize for his opinion so far.
Jurre Hermans has been given 100 euros ($133) for his proposal, which came with a picture illustrating how to make sure that Greeks bring all their euros to Greek banks in the event of a move back to the drachma.
Five more senior economists have been shortlisted for the £250,000 Wolfson Economics Prize, offered by Lord Wolfson, the chief executive of UK high street retailer Next. Their proposals have been published on the prize's website , along with Hermans' .
Euro zone policymakers have been working frantically to ensure that the solutions will never be needed in recent months.
The prize is the most valuable for any economist apart from the Nobel – and those who are shortlisted will get £10,000.
They include well-known eurosceptic and Capital Economics founder Roger Bootle and the rest of the Capital Economics team, Jens Nordvig and Nick Firoozye of Nomura’s currency team, private investor Cathy Dobbs, Jonathan Tepper , chief editor of Variant Perception, and Neil Record, founder of Record Currency Management.Page 1 of 3 | Next Page