Has Bootle just solved the eurozone crisis?

Roger Bootle and a team of economists at Capital Economics have won a prestigious economics award for their plan on how a country could exit the eurozone in an orderly way.

The team won the 2012 Wolfson Economics Prize, as well as a cheque for £250,000, after answering the question "If member states leave the Economic and Monetary Union, what is the best way for the economic process to be managed to provide the soundest foundation for the future growth and prosperity of the current membership?" Capital Economics, one of 400 entries, provided what the judges called the "most credible solution". Bootle (pictured) and co suggested if a weak country such as Greece exited the single currency, it should introduce a national currency overnight, with an initial ...