Dutch boy's pizza plan to save euro commended

Reported by ninemsn staff
Wednesday, April 4, 2012
Jurre Hermans with his hand-drawn entry. (AAP)
Jurre Hermans with his hand-drawn entry. (AAP)

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An 11-year-old boy's pizza-themed plan to save the euro has been singled out for praise at a major economics competition.

Dutch schoolboy Jurre Hermans submitted a single-page entry, accompanied by a stick drawing of a pizza and a miserable-looking Greek, for the 2012 Wolfson Economics Prize, the BBC reports.

Some of the top brains on Europe's troubled currency are vying for the $385,000 competition prize for the best plan for dealing with the eurozone break-up.

Jurre's plan is for every Greek to hand in their euros to the government in return for drachmas so citizens can have a fresh start with their old currency.

The euros would then be divided up like a pizza and given to the country's creditors.

"All Greek people should bring their Euro to the bank. They put it in an exchange machine (see left on my picture). You see, the Greek guy does not look happy!! The Greek man gets back Greek Drachme [drachmas] from the bank, their old currency," Jurre wrote.

"The Bank gives all these euro's [sic] to the Greek Government. All these euros together form a pancake or a pizza (see on top in the picture). 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 [sic] in the pizzas go to the companies and banks who have given."

The plan also included an incentive for Greeks to trade in their euros by forcing anyone who failed to do so fined at least the amount they held back.

Although Jurre's submission was not among the five entries shortlisted for the prize — including one from well-known economist Roger Bootle of Capital Economics — Jurre won a special commendation from judges and a 100-euro gift voucher.

17/04/2014 09:01Sydney, Australia. 17 April,2014
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