£250,000 Prize Christmas Cryptic Challenge

It is a fact of life that they stop manufacturing news over Christmas, which is why the papers are filled with even more dross than normal. Double-page jumbo cryptic crosswords help you while away the time between Christmas lunch and the turkey sandwiches. Guido has something equally as cryptic but far more rewarding…

If you can figure out how a Eurozone state can leave the Euro you could win £250,000. Guido isn’t joking, the Wolfson Economics Prize will be awarded to the person “who is able to articulate how best to manage the orderly exit of one or more member states from the European Monetary Union.”

You have a month until the deadline for submissions on January 31, 2012. So instead of snoozing in the armchair after lunch dreaming of escaping to sunny lands dream of rich sunlit post-Euro uplands. According to the Wolfson Prize announcement the detailed issues that exiting the Eurozone raises include:-

  • Whether and how to redenominate sovereign debt, private savings, and domestic mortgages in the departing nations.
  • Whether and how international contracts denominated in euros might be altered, if one party to the contract is based in a member state which leaves EMU.
  • The effects on the stability of the banking system.
  • The link between exit from EMU and sovereign debt restructuring.
  • How to manage the macroeconomic effects of exit, including devaluation, inflation, confidence, and effects on debts.
  • Different timetables and approaches to transition (e.g. “surprise” redenomination versus signalled transitions).
  • How best to manage the legal and institutional implications.
  • A consideration of evidence from relevant historical examples (e.g. the end of various currency pegs and previous monetary unions)

The Wolfson Economics Prize, worth €286,000, is the second biggest cash prize to be awarded after the Nobel Prize. It aims to ensure that high quality economic thought is given to how the Euro might be restructured into more stable currencies. Guido is read widely in  City dealing rooms, crammed with bond market vigilantes and Phd wielding economic analysts. Given the paucity of bonuses this year, best get your thinking caps on…

Full details from the website:
policyexchange.org.uk/WolfsonEconomicsPrize



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Liam Fox shreds Cameron’s Calais scaremongering:

“Sad and disappointed to see our Prime Minister stoop to this level of scaremongering, especially as he knows the Calais agreement is nothing to do with the EU and agreed between the two govts”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

STRICTLY CYMRU DANCING: LEANNE WOOD’S WONDERFUL WALTZ STRICTLY CYMRU DANCING: LEANNE WOOD’S WONDERFUL WALTZ
LEAVE AHEAD WITH ICM LEAVE AHEAD WITH ICM
HAPPY ‘I HEART UNIONS’ DAY HAPPY ‘I HEART UNIONS’ DAY
CORBYN WEARS SPONSORS’ BADGE CORBYN WEARS SPONSORS’ BADGE
Open Minded Herbert’s Made His Mind Up Open Minded Herbert’s Made His Mind Up
Amazon’s Lawyers Prepare for Zombie Apocalypse Amazon’s Lawyers Prepare for Zombie Apocalypse
PMQs (Rap Version) PMQs (Rap Version)
Top Europhile Defects to Out Campaign Top Europhile Defects to Out Campaign
BARROSO: BRAKE WON’T PUT OFF MIGRANTS BARROSO: BRAKE WON’T PUT OFF MIGRANTS
PESTON OUT OF THE LOOP PESTON OUT OF THE LOOP
LABOUR’S CONSISTENT FLIP-FLOPPING ON SURVEILLANCE LABOUR’S CONSISTENT FLIP-FLOPPING ON SURVEILLANCE
UBER TRIES TO KILL HAILO UBER TRIES TO KILL HAILO
CALAMITY CORBYN’S COMICAL CAMPAIGN COCK-UP CALAMITY CORBYN’S COMICAL CAMPAIGN COCK-UP
PARLIAMENTARY PANCAKE RACE (INSERT MANDATORY TOSSER JOKE HERE) PARLIAMENTARY PANCAKE RACE (INSERT MANDATORY TOSSER JOKE HERE)
SADIQ LOSES IT WITH BBC JOURNALIST OVER TFL FARES SUMS SADIQ LOSES IT WITH BBC JOURNALIST OVER TFL FARES SUMS
FRENCH GOVERNMENT DISPUTES CAMERON ON CALAIS FRENCH GOVERNMENT DISPUTES CAMERON ON CALAIS
EX-LABOUR MINISTER COMES OUT FOR BREXIT EX-LABOUR MINISTER COMES OUT FOR BREXIT
EU GOING TO PAY FOR THAT? EU GOING TO PAY FOR THAT?
TORY MPS PAN CAM’S CALAIS SCAREMONGERING TORY MPS PAN CAM’S CALAIS SCAREMONGERING
LEAK: LANSMAN MOCKS “CLUELESS” UNITE CHIEF LEAK: LANSMAN MOCKS “CLUELESS” UNITE CHIEF
CARSWELL: “NOT GOING TO CRITICISE FELLOW EUROSCEPTICS” CARSWELL: “NOT GOING TO CRITICISE FELLOW EUROSCEPTICS”
SUNNY DAYS AHEAD FOR SCRAPBOOK SUNNY DAYS AHEAD FOR SCRAPBOOK
HOW MANY MPS DOES IT TAKE TO CHANGE A SOAP DISPENSER? HOW MANY MPS DOES IT TAKE TO CHANGE A SOAP DISPENSER?
KEN PREDICTS MCDONNELL WILL BE NEXT LABOUR LEADER KEN PREDICTS MCDONNELL WILL BE NEXT LABOUR LEADER
Don’t Criticise Fellow Brexiteers Don’t Criticise Fellow Brexiteers
EU CABINET GUIDE: WHITTO MOVES UP, GOVE TORN EU CABINET GUIDE: WHITTO MOVES UP, GOVE TORN
PROTESTER CHUCKS DILDO AT MINISTER PROTESTER CHUCKS DILDO AT MINISTER
LEAVE 9 POINTS AHEAD SINCE DAVE’S DEAL LEAVE 9 POINTS AHEAD SINCE DAVE’S DEAL
VENEZUELA FORCED TO FLY IN PLANELOADS OF CASH VENEZUELA FORCED TO FLY IN PLANELOADS OF CASH
SILLY SAUSAGE: TORY MP’S COMMONS DOUBLE ENTENDRE SILLY SAUSAGE: TORY MP’S COMMONS DOUBLE ENTENDRE