Greek Pizza

Jurre Hermans is a young economist living in the Netherlands. When I say young he is in fact 11 years old.

Young Jurre has submitted an offering to the Wolfson Prize, which offers £250,000 to the best idea as to how, if one or more countries leave the euro, the matter can be resolved comfortably.

Jurre says he is very worried about the euro, as he should be because when he becomes a taxpayer in 10 years' time they will still be paying off the debts.

The Jurre plan is for the Greek government (he seems to feel Greece is the only one at risk) to monopolise the repayment of euro-denominated debt, coupled with strong exchange controls. He has been sent £100 for his entry.

Interestingly, the lad compares Greek debt to a pizza, which I don't suppose any of the other entries have done. Unfortunately he does not say whether that would be an uncooked pizza, which looks good but is still rising, a pizza undergoing cooking, where it is all bubbling up and quite a lot of red appears, or a cooked one, which is a topic too hot to handle for the average European.

Well done, though, Jurre! I hope the world hears more from this young chap, perhaps using his fast food skills to solve Mr. Cameron's pasty tax.