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Dutch Boy Saves The Euro

wotsthat
wotsthat Posts: 11,325 Forumite
in Debate House Prices & the Economy
http://www.bbc.co.uk/news/business-17598550
An 11-year-old boy's plan to save the eurozone has been commended in a major competition that has attracted some of the world's top economists.

He's up against some stiff competition...
Five entries were shortlisted for the Wolfson Economics Prize in the competition to find the best plan for dealing with a eurozone break-up.

They include the well-known economist Roger Bootle from Capital Economics.

I reckon the 11 year old is a shoe in.

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Not this guy is it :)

    dutchboy.jpg
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Not this guy is it :)

    That's not the image I get when I type 'finger in a dyke' into Aussie Google:eek:.

    There's a cultural difference I guess (NSFW).
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »
    That's not the image I get when I type 'finger in a dyke' into Aussie Google:eek:.

    There's a cultural difference I guess (NSFW).

    I know what you mean, I was going to post that image but thought better of it :p
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • purch
    purch Posts: 9,865 Forumite
    The Wolfson prize is worth 10,000 euros and is second in value to the Nobel Prize for Economics.

    Of course if the winning entry fails to save the EUR, then the "value" of the prize might be a tad less :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    purch wrote: »
    Of course if the winning entry fails to save the EUR, then the "value" of the prize might be a tad less :eek:

    And the poor little sod will forever go down in the history books as the cause of the failings of the Eurozone. :eek:

    Well we always need a scapegoat and a sacrificial lamb I suppose. Well as long as Merkel, Sarkozy, Berlusconi etc get away with it.
    Why are we here?......................because we are not all there.
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    wotsthat wrote: »
    http://www.bbc.co.uk/news/business-17598550



    He's up against some stiff competition...



    I reckon the 11 year old is a shoe in.

    He needs to spend that gift voucher ASAP.
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    edited 3 April 2012 at 4:27PM
    Few grams of gold would make a good purchase right now:p

    00XkV.png


    A two tier currency system is not the first time Ive heard that. Effectively South america has Dollars freely tradable alongside their own nations currency
  • Joe_Bloggs
    Joe_Bloggs Posts: 4,535 Forumite
    There are other nations that employ dual currency systems. How well did they progress/develop in the past to the present ?
    J_B.
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    So long as the local population can still pay taxes in local currency I think it works.
    The more stable currency would favour global trade with larger transport times, etc and the weaker one still allow smaller transactions of goods produced within the country without forcing the higher rate cost or drought of available money.

    The bailout argument is always we must print or it will strangle business, lead to a downward spiral, etc
This discussion has been closed.
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