The Euro Challenge is an exciting educational opportunity for high school students to learn about the European Union (EU) and the euro. Student teams are asked to make presentations answering specific questions about the European economy and the single currency, the euro. They are also asked to pick one member country of the "euro area" (the 15 EU member countries that have adopted the euro), to examine an economic problem at the country level, and to identify policies for responding to that problem.

In 2008, the third year of the Euro Challenge, approximately 50 teams nationally will compete for cash awards made possible by The Moody’s Foundation. In addition, The Moody's Foundation will sponsor a one day trip to Washington DC for the top two teams in the spring of 2008 (May or June), to visit the Delegation of the European Commission, the Board of Governors of the Federal Reserve, and the International Monetary Fund.

The Euro Challenge is a program launched and supported by the Delegation of the European Commission to the United States in Washington, D.C., with the technical support of the Federal Reserve Bank of New York. Other partner organizations include Credit Suisse and EuroNet International BRG from Deloitte & Touche USA, LLP.