Boy Understands the Euro Crisis
Greece should leave the euro. How do you do that? All Greek people should bring their euro to the bank. They put it in an exchange machine (see left on my picture). You see, the Greek guy does not look happy!! The Greek man gets back Greek Drachme from the bank, their old currency.
The bank gives all these euro’s to the Greek government (see top left on my picture). All these euros together form a pancake or a pizza(see on top in the picture). Now the Greek government can start to pay back all their debts, everyone who has a debt gets a slice of the pizza. You see that all these euros in the pizzas go to the companies and banks who have given loans in greece (see right in my picture).
Last October, a British businessman named Lord Wolfson announced that he would give £250,000 ($400,000) to the person who could figure out how to effectively dismantle the Eurozone. An 11-year-old boy from the Netherlands named Jurre Hermans was given an honorable mention for his paper. It’s pretty solid, but I’m pretty sure some adults had a hand in helping him form his response. I have an 8-year-old pen pal who writes to me every other month, and he doesn’t appear to be aware of national/international affairs in the slightest. But I may be wrong! This is the Internet generation, after all. But kudos to that kid for reading up on the euro crisis. There are plenty of adults here who don’t even know what that is, and if you are one of those adults, it’s cool, just read this nice primer.