Who will receive the £250,000 reward for his EURO Zone Exit Plan?
Settled on 07/06/2012 19:45 by kruijs
settled question on option 'A Brit'.
"The future of the world economy will, in large part, be governed by what happens over the next few years in Europe," said Simon Wolfson, chief executive of British high street clothing chain Next, and a prominent supporter of Britain's ruling Conservative party who sits in the upper house of parliament.
"I, along with most European businessmen, hope that the euro zone will stabilize, but in the event it does not Europe must not sleepwalk into a policy vacuum," added Wolfson. "This prize aims to incentivise the world's brightest economic minds to help fill that policy void: their endeavors may well prevent Europe from descending into a financial chaos that would destroy savings, jobs, and social cohesion."
Economists have until January 31 to submit proposals for the one-off prize, the biggest available to academic economists after the Nobel Prize. Entrants will be judged by a panel of leading academic economists. The award process is being managed by Policy Exchange, an influential center-right think tank.
Britain is a member of the European Union, although not part of the 17-nation euro zone. Its economic prospects are closely tied to the fate of the single currency.
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