Dear Sir and Madam,
My name is Jurre Hermans. I am 10 years old and live in the Netherlands. I am quite worried about the eurocrisis and look at the TV news daily. The eurocrisis is a big problem. I think about solutions. Since I read in the newspaper about your price, I thought that I would like to submit my idea. The idea might fit. So here it is: I made a picture of my solution and I will explain it to you.
Greece should leave the Euro. How do you do that? 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 from the bank, their old currency.
The Bank gives all these euro’s to the Greek Government (see top left on my picture). 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 in the pizza’s go the companies and banks who have given loans in Greece (see right in my picture).
Now here comes the clever part of my idea:
The Greek people do not want to exchange their Euro’s for Drachmes because they know that this Drachme will lose its value dramatically. They try to keep or hide their Euro’s. They know that if theywait a while they will get more Drachmes.
So if a Greek man tries to keep his Euros (or bring his euros to a bank in an other country like Holland or Germany) and it is discovered, he gets a penalty just as high or double as the whole amount in euros he tried to hide!!!
In this way I ensure that all Greeks bring their euros to a greek bank and so the greek government can pay back all the debts.
I hope my idea helps you!!!!
Of course if a country has paid back all his debts , he can return to the eurozone.
A bit more about myself: I am 10, love animals since I have a dog and a bird. I live in a family of 5 in Holland. I have 5 friends with whom I play all day, mostly outside.
Look! He even loves animals! Sadly love towards people are not in his arsenal.
Far better for Germany to leave.
Very nice illustration of the shit the news feeds these kids in Holland (or elsewhere, but mainly in Holland and Germany) Good that he's trying to help, though. A credit to his character.
Good that he's trying to help, though. A credit to his character.
Yep, this is why I compared him with Anakin. :-)
Jurre (11 year) did get an honorable mention at the Wolfson Economics Prize (after the Nobel Prize the most important price for economists)
here is the drowning,
http://www.businessinsider.com/jurre-hermans-wolfson-prize-submission-2012-4
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