10 year old dutch boy and a pizza solve euro zone crisis...

davet82

An 10-year-old boy's plan to save the eurozone has been commended in a major competition that has attracted some of the world's top economists. His submission is in the link below... can someone explain it to me like i'm a ten year old or maybe a normal 10 year old

i'd probably understand it if his drawing was any way decent pffft...

Does anyone know if this would or could even work?

http://www.policyexchange.org.uk/images/WolfsonPrize/wep%20special%20entry%20-%20jurre%20hermans.pdf

AngryBollix

The obvious response

Batsy

Nothing can save the eurozone, it is doomed, and I don't pity those countries which were foolhardy enough to join it.

charlemont

Clever boy. Fair play to him for trying.

MonkeyTennis

should we stick our fingers in dijks?

charlemont

AngryBollix wrote: »

The obvious response

Or the stupid or Irish response..:p

chin_grin

Wait.................<takes a toke> the Government is a pizza? <phffffffffffffffffffffffffthahahahahhahaha>

AngryBollix

MonkeyTennis wrote: »

should we stick our fingers in dijks?

I'd finger a dyke

davet82

Batsy wrote: »

Nothing can save the eurozone, it is doomed.

MWHA HAW HAW HAW!!!!!

DB21

Batsy wrote: »

Nothing can save the eurozone, it is doomed, and I don't pity those countries which were foolhardy enough to join it.

Ah yes, it's only Eurozone countries that are doomed. Hows that second recession going over there?

Outkast_IRE

Irish politicians will read this and think , Pizza Tax great idea

AngryBollix

charlemont wrote: »

Or the stupid or Irish response..:p

Call it what you will but the whole eurozone currency and debt crisis has been caused and managed by a shower of jerk offs who a) Have no idea what they are talking about and b) Have no idea how to solve or alleviate the crisis.

davet82

Outkast_IRE wrote: »

Irish politicians will read this and think , Pizza Tax great idea

AH Bollix

AngryBollix

davet82 wrote: »

AH Bollix

They'll probably tax that too

token101

Batsy wrote: »

Nothing can save the eurozone, it is doomed, and I don't pity those countries which were foolhardy enough to join it.

Yeah England is doing top notch too :rolleyes:

44leto

Batsy wrote: »

Nothing can save the eurozone, it is doomed, and I don't pity those countries which were foolhardy enough to join it.

Last year I would have agreed with you, but it is looking better ATM. There doesn't seem to be the same level of panic when another country in the zone gets another credit downgrading.

Still although confidence is growing in the currency, its a very fragile confidence.

davet82

AngryBollix wrote: »

They'll probably tax that too

well, thats you fcuked then mate

earpiece

Outkast_IRE wrote: »

Irish politicians will read this and think , Pizza Tax great idea

Pizza is a vegetable............ well it is in the USA!!!:eek:

actua11

Well....It may not work

Could be a good idea though, depending on what the dutch put in the pizza?

wilkie2006

davet82 wrote: »

An 10-year-old boy's plan to save the eurozone has been commended in a major competition that has attracted some of the world's top economists. His submission is in the link below... can someone explain it to me like i'm a ten year old or maybe a normal 10 year old

i'd probably understand it if his drawing was any way decent pffft...

Does anyone know if this would or could even work?

http://www.policyexchange.org.uk/images/WolfsonPrize/wep%20special%20entry%20-%20jurre%20hermans.pdf

Dave82, we've been through this already. 10 year-old Dutch boys don't solve anything. You know that. Be strong.

Crann na Beatha

This post has been deleted.

C3P0

davet82 wrote: »

AH Bollix

Good idea, tax all the bollixs' in AH, there sure are plenty of them.

Chuck Stone

That kid's Dad did it.

CrazyRabbit

If we collect all the Euro currency currently owned by Greek people, we'd only have an 11" pizza. Sorry, but that's just not enough to pay back the debts.

mikom

davet82 wrote: »

10 year old dutch boy and a pizza solve euro zone crisis...

Does anyone know if this would or could even work?

I presume you have heard of the Domino effect....

oppenheimer1

His idea won't work because it depends on money staying in Greece. If Greece were to leave the euro, money would flee the country but wouldn't change denomination. This boys plan, or rather his fathers plan, for that reason wouldn't work. There needs to be an incentive to hold Drachma. In a currency that is about to devalue, that incentive doesn't exist.

CiaranMT

AngryBollix wrote: »

They'll probably tax that too

A bollix tax?

danniemcq

CiaranMT wrote: »

A bollix tax?

bah then politicians would have to pay for what they say

wonderfulname

<- Greek people

:pac:

biko

MonkeyTennis wrote: »

should we stick our fingers in dijks?

Only if you're another dijk.

JupiterKid

Well, my nephew is also a 10 year old Dutch boy and I didn't see him devising ingenious plans to rescue the Eurozone from its current fiscal crisis.:(

sheesh

it is not a bad plan get all the greeks to give up their euros and exchange them for a new drachma and then run both currencies together for a while

unfortunately the young boy did not know that all the rich people in greece moved their money to switzerland during the crisis and german investors bought all their their countries' assets when the German controlled European central bank forced the greek government to sell them off at a knock down price.


but for a young lad it was a pretty good idea

Kurz

The best part is:

So if a Greek man tries to keep his Euros(or bring his euros to a bank in an other country like Holland
orn Germany) and it is discovered, he gets a penalty just as high or double as the whole amount
in euros he tried to hide!!!

The assumption of a ten year old Dutch boy that people simply obey penal rules. It speaks volumes really about the opposite ends of the European spectrum. Dutch people would never dream of crossing a road if the little man wasn't green whereas in Greece (and here) people won't even look.

Immaculate Pasta

Trust him to be wearing an orange top :cool:

Fair play to him. A credible idea.

TimeToShine

How in the name of god is that idea plausible. Yes, for a 10 year old it's good, but you're expecting a country to halt all form of financial transaction for god knows how long so these debts can be paid. Is everyone supposed to resort to plebeian bartering for the time being?(anyone should know that this new currency will literally have 0 value, it will practically be paper) Also, interesting how he expects millionaires and poverty stricken individuals alike to fork over "everything" to help the country, and once these debts, which in this process will most likely have inflated massively, are paid, How do we ensure everyone gets a reasonable amount back? Is everyone given back the same ratio they donated? This just puts them at a massive disadvantage to the rest of Europe, the price of goods will rise but the value of the euro as dictated by the EU will remain stable.

edit: also lol'd at expecting an annual account audit to be performed on everyone to make sure all their money is being traded in, the whole "clever part" is based on a 100% success rate in catching people withholding money which is definitely not the case.

davet82

TimeToShine wrote: »

How in the name of god is that idea plausible. Yes, for a 10 year old it's good, but you're expecting a country to halt all form of financial transaction for god knows how long so these debts can be paid. Is everyone supposed to resort to plebeian bartering for the time being?(anyone should know that this new currency will literally have 0 value, it will practically be paper) Also, interesting how he expects millionaires and poverty stricken individuals alike to fork over "everything" to help the country, and once these debts, which in this process will most likely have inflated massively, are paid, How do we ensure everyone gets a reasonable amount back? Is everyone given back the same ratio they donated? This just puts them at a massive disadvantage to the rest of Europe, the price of goods will rise but the value of the euro as dictated by the EU will remain stable.

edit: also lol'd at expecting an annual account audit to be performed on everyone to make sure all their money is being traded in, the whole "clever part" is based on a 100% success rate in catching people withholding money which is definitely not the case.

your dad soooo helped you with that post

srsly78

Someone needs to tell that Dutch kid about the free movement of capital, which happens to be one of the fundamental concepts behind the whole EU thing.

davet82

srsly78 wrote: »

Someone needs to tell that Dutch kid about the free movement of capital,.

while holding him in a head lock and slapping him :cool:

El Siglo

For some reason, that kid actually made insanely good sense.

In fairness, for a ten-year-old he knows more about macroeconomics than Noonan.

ghostchant

srsly78 wrote: »

Someone needs to tell that Dutch kid about the free movement of capital, which happens to be one of the fundamental concepts behind the whole EU thing.

Stupid 10 year olds, they never seem to take that into account in their models for tackling the Eurozone crisis.

AeoNGriM

Domo230 wrote: »

Is his solution not essentially, "let's print more money"??????????

As I read it, his solution was for every citizen to give all their Euro's to the Government, who would then pay off the IMF.

Isn't that what we're doing already?

Jesus Wept

I wish I had five friends that I played with daily outside, sick life, oh to be ten again.