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Showing posts from April 5, 2012

Dobbs Scrambled ege for Euro : Is it not the replica of my Sovereign problem Corporate solution

Unscramble Euro Omelette. Win $400,000 Prize! Dobbs proposes to unscramble the currency into a weaker yolk euro – for Greece & Portugal – and a stronger white euro     On Wednesday, the sponsors of Britain’s $400,000 Wolfson Economics Prize announced the five finalists of a contest for the best contingency plan for a breakup of the euro zone. The most intriguing one is by a British private investor, Catherine Dobbs, who proposes to unscramble the euro currency, quite literally – replacing it with two brand-new currencies, which she calls a yolk euro and a white euro. The yolk euro would be the currency of the weaker countries, presumably ones such as Greece and Portugal. The white euro would be the currency of such stronger nations as Germany, Finland and the Netherlands. Seemingly ovo-obsessed, she calls her plan Newney, for New Euro White/New Euro Yolk. BREAKING EGGS The beauty of Dobbs’s plan is that people would not have a choice of which ...