Quote:Economists are terrified about the chaos they expect if some countries decide to stop using the euro. But one person thinks there may be a way to jump ship safely -- and he's got a $400,000 bounty for anyone who can figure out how to do it.Read more: http://money.cnn.com/2011/11/11/news/int...ce=cnn_bin
Simon Wolfson, the CEO of European retailer NEXT, is offering a prize of Â£250,000 -- about $400,000 -- to the person or group that comes up with the solution for how one or more of the 17 countries now using the European common currency can stop using it without causing a massive shock to the global financial system.
"There is now a real possibility that political or economic pressure may force one or more states to leave the euro," said Wolfson in a statement announcing the prize. "If this process is mismanaged it could threaten European savings, employment and the stability of the international banking system. This prize aims to ensure that high quality economic thought is given to how the euro might be restructured into more stable currencies."
Food for thought eh? I'm willing to devote some time to this, but right off the bat the IMF has to go. They are the single biggest demon the world faces right now. More to come....