How to kill the euro without causing a financial apocalypse

The £250,000 Wolfson challenge to find the least damaging way for countries to abandon the euro has been won by economist Roger Bootle and his research firm Capital Economics.

The victorious entry, titled 'Leaving the euro: A Practical Guide', focuses on the best way for a weak member like Greece to manage an orderly exit from the single currency.

It concludes that although the departure of one or more eurozone members would create winners and losers, the overall outcome would be positive for the growth and prosperity of the rest - and the wider world economy.

Bootle and his team beat competition from more than 400 initial entrants to take the Wolfson Economics Prize, which was set up by Next boss Lord Wolfson and is the second-largest award to an economist after the Nobel Prize.

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If you own euros, you may want to check the serial numbers in case one of the runner-up submissions comes to pass: HERE