A disorderly break-up of the euro would set off a cataclysmic chain-reaction and a collapse of Europe’s banking system, pushing the world into full-blown depression. That is the shared nightmare of those shortlisted for the £250,000 Wolfson Economics Prize - the richest economic award after the Nobel Prize - on how to "manage" a full or partial disintegration of monetary union. They agree on little else. "The consequences of a completely unplanned 'Exit' are likely to be catastrophic," said Neil Record from Record Currency Management, one of the five qualifiers. Catherine Dobbs, a former algorithms expert at ... (full story)