We are pleased to announce that Variant Perception has been elected as a top 5 entrant for the Wolfson Economics Prize for our piece A Primer on the Euro.  More details can be found at the Policy Exchange website as well as on the Guardian, the Telegraph, the Wall Street Journal and in this piece by the New York times.

Our Chief Editor Jonathan Tepper has been appearing and will appear on various media outlets throughout the day. We will update with links as they come in.

Official Press Release

The Wolfson Economics Prize, which challenges the world’s brightest economists to prepare a contingency plan for a break-up of the Eurozone, today (3rd April, 2012) unveiled a shortlist of five finalists.

The shortlisted entries, though all very different from each other, provide valuable ideas about how best to manage a member state leaving the euro.

The judges have given the finalists the opportunity to address key questions about their entry. Finalists will be given until the 29th of May to develop and resubmit their entries. Everyone who has progressed to this stage will be guaranteed a £10,000 share of the prize. The winner(s) of the Wolfson Economics Prize will be announced on the 5th of July.

Derek Scott, Chairman of the judges, said:-

“The question of currency break-up is clearly enormously complex, spanning financial and legal arrangements. We were impressed by a number of the entrants’ efforts to grapple with these issues. We felt it was only fair to give finalists the opportunity to refine their thoughts. “

Lord Simon Wolfson said:-

“Sadly, the risk of a country leaving the Eurozone has not gone away. The ideas contained in these entries are an invaluable contribution to tackling this important issue. I am incredibly grateful to everyone who made a submission and look forward to awarding the prize this summer.”

A full press release can be found on the Policy Exchange website.

Overview by Lord Wolfson:

Variant Perception’s Jonathan Tepper summarizing his submission: