London team wins prize for study of leaving euro

LONDON (AP) ? A top British economic consultancy has won the 250,000 pounds ($390,000) Wolfson Economics Prize for its proposal on how a country can leave the euro.

The award to Roger Bootle and his team from Capital Economics was announced Thursday by the Policy Exchange, a London think tank.

The winning paper argued that the exit of one or more members from the eurozone would have a net positive effect for the current members and for the world at large.

Bootle commented that "people may disagree on whether leaving the euro is a good thing, but the contribution of the Wolfson Prize has been to demonstrate that it can be done."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-07-05-Britain-Euro%20Prize/id-cd228e15ffa34cf4944261e3a9fa8849

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