BUSINESS

British consultancy wins Wolfson Prize for study on leaving the euro

07/05/2012 05:15 EDT | Updated 09/04/2012 05:12 EDT
LONDON - A top British economic consultancy has won the 250,000-pound 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."