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Boy (11) wins €100 for 'pizza and pancake' Greek euro exit plan

AN 11-year-old boy has stolen the limelight from some of Europe's top economists with a eurozone breakup plan involving pizza and pancake.

Jurre Hermans plan suggests that Greek people could exchange their euros for new drachma at the bank, which the Greek government would then redistribute to creditors so they could get "a slice of the pizza".

He was among 452 candidates who submitted entries to win the £250,000 Wolfson Economics Prize, launched last October by Next chief executive Lord Wolfson to find a credible plan for a euro exit.

Although his idea was not among the five shortlisted, Jurre received special mention from the judging panel.

Jurre's plan suggests that Greek people could exchange their euros for new drachma at the bank, which the Greek government would then redistribute to creditors so they could get "a slice of the pizza".

"The Bank gives all these euro's [sic] to the Greek Government.

“All these euros together form a pancake or a pizza.

“Now the Greek government can start to pay back all their debts, everyone who has a debt gets a slice of the pizza.

“You see that all these euro's in the pizza's go the companies and banks who have given loans in Greece," Jurre's entry stated.

Telegraph.co.uk