Parallel currencies are the only credible solution to the eurozone crisis

Philip Booth writes for ConservativeHome

Lord Wolfson recently announced a prize for academic economists who came up with a plan for an orderly exit of one or more countries from the euro with a closing date of 31st January 2012.

I am convinced that the problem is more urgent than is implied by Lord Wolfson’s deadline so, at the risk of giving up the opportunity to win a handsome cash prize, I am revealing my plan today.

So, what are the options?

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