Tuesday, July 16, 2013

Think Tank Offers Cash Prize for EU Exit Plan

Here is what AFP is reporting:
A British think-tank on Tuesday launched a competition for the best plan to leave the EU -- offering a prize of 100,000 euros ($131,000) instead of in pounds. 
The right-leaning Institute of Economic Affairs (IEA) said it wanted to find a credible blueprint in case voters backed a so-called "Brexit" in a referendum. 
Prime Minister David Cameron has promised to renegotiate Britain's relationship with the European Union and then hold a referendum in 2017. 
Judges for the competition include former British finance minister Nigel Lawson and David Starkey, the historian and television broadcaster.
 Philip Booth, editorial and programme director of the IEA, said the aim of the competition was to find a "serious and credible plan (or alternative plans) for Britain to leave the EU should that be the chosen option at the referendum." 
The prize is open to individuals, groups or institutions. 
The first prize is 100,000 euros, with second and third prizes of 10,000 euros and 5,000 euros. 
There is also a special prize of 5,000 euros for the best entry from an individual aged 30 or under. 
Britain is not a member of the 17-nation European single currency but the think-tank said it had decided to offer the prize in euros.

Here is a link to IEA's website.  Here is a link to the think tank's "Brexit Prize."

IEA was founded in 1955 and calls itself "UK's original free-market think tank."  IEA was recently ranked as the 49th best think tank in the world by the annual University of Pennsylvania think tank rankings.