London team wins prize for study of leaving euro

LONDON ? 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."

Source: http://feeds.cbsnews.com/~r/CBSNewsTheEarlyShowBoxOffice/~3/nZ311vOh-5U/

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