250 thousand pounds for the destruction of the euro.

In the UK, there was prize for the abolition of the single currency.

Lord Simon Wolfson, head of the British retailer Next and the sponsor of the Conservative Party, established a prize for overall scientific development scenario relatively painless "funeral" euro. Wolfson Economics Prize award for the best "murder" will be 250 thousand pounds, becoming the second largest in economics after the Nobel.

"The award will help to answer some of the most important and still remain unanswered questions that have arisen during the currency union more than a decade ago. We are seeing various speculations about the refusal of the euro, but still on the subject was too little detailed research, "- said the director of the Research Foundation Policy Exchange Neil O'Brien, who is organizing a prize.

Lord Wolfson himself emphasizes that he, like all European businesses, are extremely concerned about stability in the region. Europe, he said, may be in a state of political vacuum caused by the fact that governments can not talk openly about the death of the single currency.

"While many are in a financial crisis in 2008 warned of a problem with the mechanism of pulling out of the block, very few political figures take into account the possibility of such a backup plan. Who is the worst situation for Europe would be extraordinary, disorderly exit from the euro zone one or more countries. And I hope that, thanks to premium, world leaders will plan how best to act in this case, "- said Lord Wolfson.

The project, which started yesterday and will last until January 31, 2012, will invite the participation of 200 leading research institutions in the world. The organizers hope to attract the level economists Joseph Stiglitz, Paul Krugman and Christopher Pissarides (all of them Nobel Prize winners). In their plans participants should consider all the legal, economic and political consequences of their proposed solutions. For example, the requirements were detailed explanation of how the opposite will happen denomination of public debt and private savings, or as the collapse of the euro will affect the stability of the banking system.

Lord Wolfson understands that the award, established in a country which is not a member of the euro area and sees it as a competitor, may, to say the least, misunderstood in Europe. However, he says that he would like to the second most important currency after the dollar retained viability. "I do not want to collapse the euro, as it will result in great damage to the world economy. If this can be avoided, it will be the best way out of all the possible "- said Lord Wolfson.