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'Greece euro exit likely in months'

5 July 2012 Last updated at 23:11 BST

Greece is likely to exit the eurozone in "a matter of months", according to the winner of the Wolfson Economics prize, awarded for the best plan for dealing with member states leaving the eurozone.

Roger Bootle and his team at Capital Economics won the £250,000 for their plan, suggesting an exiting member should introduce a new currency and default on a large part of its debts.

Mr Bootle told the BBC that if a Greece exit was successful, it could lead to more countries leaving the eurozone.