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Wolfson Prize: How to engineer a euro zone break-up

Thursday, July 05, 2012 - 04:31

July 5 - Capital Economics' Roger Bootle outlines his guide on how to break up the euro zone after winning the Wolfson Economics Prize.

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And I do want to. The eurozone. I'm thinking what you thought I was breaking news. And how do you tackles on important issues and spending but that's the big question -- -- and -- -- -- -- And with me now is the winner of -- food as well as. Vaccinations. Very briefly country must prepare in secret. Very useful for officials. Relief comes the plan is an existence things implement. Probably if we can capital controls -- of the banks would be necessary tools for your time. I think the conversion rate and currency should be one for one service have over the years because they did exactly and you've got what. The currency should then be left former foreign exchanges that's not a problem that's the solution. Then in the country and become competitive. The country -- regional makes us -- and the new currency. To -- youth policy regime. Hope now -- indexation of emotion has proposed in these opportunities in this. And that that's enough troops simply waiting for the exchange rate to do its job hunting -- you know to get as much of them. Problems. A return to. In the smartest. Well yeah initially in the country that leaves them because a lot of things actually I think about the reasons because as the exchange -- -- Inflation. These kinds of Rwanda he squeezed by the instantly populations that. But then we get us in due course it beneficial effects. Coming through that's to say exports rising. We for production and substitutions reports the mom Verizon's. Jobs being created in Greece and eventually you'll see along the shelves elsewhere in viewers there's an instant pictures it's. Tempting to thing yeah. It's great beneficiary cards something. BC -- soon if Greece becomes more competitive tournament becomes this afternoon. I think this is the case. Germany Italy Spain and he's very badly -- think -- human consumption is extremely weak to workers and thank. This bright -- Pressure on the German authorities to stimulate domestic ethanol fashion I think -- that us humans could end up being some of the women's. It's my teammates. Are you in the next. You want -- but I think having someone's tennis so it's something Kabul for -- My stance. I've been pushing you know when there's youngsters when. I'm reluctant but as dangerous to us. You don't want to ask Jim generals did the largest and it's. Important -- suddenly and on the other doctors tested so. This isn't something you. Countries socially and listening. Home countries. Yeah but you don't. -- -- -- He's pro life would be right up with a ligament -- right. So little of the problem is that all of these non -- rescue. It is on medium refinancing and debt and ultimately stands no chance of being paid back. The moment situation right. Growth is -- interest rates and just finding out. And country that is never going to head back it's really what we've seen a series sticking out this notice solutions underlying problem. Which uses some European countries and I'm just not -- Verizon you're going to take. Adversity is actually injury and it received by the company capitalist -- seen -- And actually choose to work. So as not to come to the greens have been four Indians actually it'll use in the usual way that companies using. Full will know you'll be spent on hiring people who. -- -- -- services we provide tons around the world having said that one thing that clearly has begun to have -- it's.

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Wolfson Prize: How to engineer a euro zone break-up

Thursday, July 05, 2012 - 04:31