Five finalists have been announced for a Wolfson Economics Prize which challenged the world’s brightest economists to prepare a contingency plan for a break-up of the Eurozone.
I believe the Eurozone cannot possibly stay intact and it was doomed from the start. There are five finalists, and here is a short video from one of the finalists, Jonathan Tepper of Variant Perception.
[youtube https://www.youtube.com/watch?v=M4W7FwqJ2Ug?feature=player_embedded]
I blogged about Tepper’s proposal on February 20, in Why Greece Must Exit the Eurozone, How it Will Happen (and Why Portugal and Spain Will Follow); Does the Euro Act Like a Gold Standard?
His proposal is called A Primer on the Euro Breakup: Default, Exit and Devaluation as the Optimal Solution
Other Finalists
- Catherine Dobbs – The NEWNEY approach to unscrambling the Euro
- Roger Bootle – Leaving the euro: A practical guide
- Jens Nordvig – Planning for an orderly break-up of the European Monetary Union
- Neil Record – If member states leave the Economic and Monetary Union, what is the best way for the economic process to be managed to provide the soundest foundation for the future growth and prosperity of the current membership?
Mike “Mish” Shedlock
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