Euro logo sign out the ECB in Frankfurt
Media playback is unsupported on your device

Economists shortlisted for £250,000 Wolfson prize

The Wolfson Economics Prize has challenged economists to prepare a contingency plan for a break-up of the eurozone.

The person deemed to have come with the best idea will be awarded £250,000.

The shortlist consists of Roger Bootle and his team at Capital Economics; private investor Cathy Dobbs; Jens Nordvig and Nick Firoozye from Nomura Securities; Neil Record from Record Currency Management and Variant Perception's Jonathan Tepper.

BBC Radio 5 live Wake Up To Money asked Derek Scott, chairman of the judging panel, how they whittled down the 425 entries.

To listen to other 5 live stories, please visit the Best Bits page.

Go to next video: Europe credit ratings revised