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Lord Wolfson prize: How to escape the euro with the minimum of pain

  • Lord Wolfson prize (Daily Telegraph): How to escape the euro with the minimum of pain
    This summarises the entry to the Wolfson prize by Roger Bootle and a team from Capital Economics.

    There is no doubt that euro exit would be messy and – if handled badly – extremely damaging, not only for the country concerned, but also for the rest of us. But it needn’t be handled badly. Indeed, there are ways of dealing effectively with all the key practical difficulties.

    If handled well, euro exit could present weak peripheral members with a much better prospect than remaining in the euro. Moreover, their exit could enhance the prosperity of the rest of Europe – and the wider world.

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