Congratulations to the 2019 Euro Challenge Semifinalists!

Delegation of the European Union to the United States

Press Contact:
Anna Prisco
(202) 429 6387

April 09, 2019

 U.S. High School Students Compete in 2019 Euro Challenge

  American high school students will gather to compete in the annual Euro Challenge contest at the Federal Reserve Bank of New York on May 2, 2019.

 Following regional contests, a total of 25 teams from across the country will travel to New York City for the semi-final and final rounds. Students compete by showcasing their financial literacy and knowledge of the European Union and its single currency, the euro.

Participating teams prepare a detailed presentation of current economic conditions in one of the 19 countries that share the euro, and proceed to make policy recommendations to improve that country’s competitiveness, human capital and sustainable growth.

This year’s contest takes on special importance as the euro celebrates its 20th anniversary. Since its launch in 1999, the euro has brought stable prices, lower transaction costs, more transparent and competitive markets, and increased trade.

“The Euro Challenge is a unique learning opportunity for young Americans that teaches students about financial literacy and policy making from an EU perspective,” said Moreno Bertoldi, Special Advisor to the Ambassador and Head of the Economic and Financial Affairs Section at the EU Delegation. “It also highlights that the EU is the largest economic partner of the United States. Since we launched the Euro Challenge in 2006, I am proud to say that hundreds of American students have participated in this exciting competition.”

2019 will mark the 14th iteration of the Euro Challenge, which continues to expand nationally. More than 90 teams participated in this year’s competition, collectively representing high schools from 15 U.S. States (Connecticut, Florida, Washington, Texas, Pennsylvania, New York, New Jersey, North Carolina, Minnesota, Michigan, Massachusetts, Indiana, Illinois, Maryland, and the District of Columbia). Of these, 25 teams will advance to the semi-final round on the morning of May 2nd and from there, five will proceed to the final round, to be held later that afternoon. Teams consist of 3-5 9th or 10th grade students, each of whom have spent months researching European economic policy and history with the help of mentors from their schools and resources provided by the EU Delegation to the U.S. Specifically, these teams will present on the overall economic situation of the euro area and then focus on an economic challenge facing one of the 19 euro area countries. Finally, teams must answer questions from a distinguished panel of judges to showcase their grasp of economic issues and policy trade-offs.

The top five winning teams will receive monetary awards generously provided by the Moody’s Foundation. The top two placing teams will receive a free trip to Washington, D.C. also sponsored by the Moody’s Foundation to present solutions to the embassy of the country they researched.

The following schools are competing in the semi-final round:

Charlotte Country Day School (NC)

Delbarton High School (NJ)

East Chapel Hill High School (NC)

Farmington High School (CT)

George W. Hewlett High School (NY)

Greenwich High School (CT)

Gulliver Preparatory High School (FL)

Hastings High School (NY)

Herricks UFSD (NY)

High School for Math, Science and Engineering (NY)

High Technology High School (NJ)

Inglemoor High School (WA)

International Academy Okma Campus Central (MI)

Montclair High School (NJ)

Mount Saint Mary (NJ)

Mundelein High School (IL)

Okemos High School (MI)

Pittsburgh Allderdice H.S. (PA)

Princeton High School (NJ)

Rumson Fair Haven Regional High School (NJ)

Sachem North High School (NY)

Saint Joseph High School (IN)

School of Business and Management (TX)

St. Albans High School (DC)

West Windsor Plainsboro North High School (NJ)

The Euro Challenge is a program launched and supported by the Delegation of the European Union to the United States, and is managed on the Delegation’s behalf by W!se (Working in Support of Education). The Moody’s Foundation sponsors the monetary awards. The Federal Reserve Bank of New York serves as program advisor.

The Euro Challenge is supported by BNP Paribas, Florida International University, the University of Pittsburgh, the University of Illinois, the University of Texas at Austin, University of Washington, the Federal Reserve Bank of Chicago (Detroit Branch), the World Affairs Council of Charlotte, the World Affairs Council of Seattle, and the Federal Reserve Bank of Atlanta (Miami Branch).

Students from St. Albans School Win 2018 Euro Challenge

At the final round of this year's Euro Challenge competition, held on Thursday April 26 at the Federal Reserve Bank of New York, five teams emerged as the winners. Students from St. Albans School in Washington, DC (1st place), Mount Saint Mary Academy, NJ (2nd place), Saint Joseph High School, IN (3rd place), Greenwich High School, CT (4th place), and North Allegheny Intermediate High School, PA (5th place) beat top teams from 20 other high schools on the final day of intense competition. The Euro Challenge is a unique and exciting educational opportunity for high school students from across the United States to learn about the European Union – the largest economic partner of the U.S. – and the 19 countries that share its single currency, the euro. Participants showcase their economic and financial literacy and specific knowledge of countries in the euro area as they make policy recommendations to enhance their economic growth and job creation.

The winning teams will receive monetary awards provided by the Moody's Foundation, along with a trip to Washington, D.C. for the top two teams.

"It was very impressive to watch today’s competition to see how engaged and literate on economic and financial matters these students are," said Ambassador David O’Sullivan, Head of the European Union Delegation to the United States as he attended the award ceremony. "As the impressive European economic recovery continues apace, these students confidently presented creative solutions to tackle future challenges and ideas for creating jobs and growth.

The Euro Challenge has been a fantastic learning experience for thousands of American students as they go beyond the headlines of economic news to fully understand key economic concepts and the complex realities faced by policymakers. It also helps them to have a better understanding of how deeply Europe and America are connected."

The Euro Challenge is a unique opportunity for high school students from across the United States to both learn about and demonstrate their knowledge of the European Union and the 19 countries that share its single currency, the euro. Participating teams compete by selecting one country from the euro area, present on its current financial state, and then make policy recommendations to reduce deficits and debt, combat unemployment, or find other creative solutions to continue Europe's economic growth.

The Euro Challenge fosters a better understanding of the European economy and transatlantic economic relations, and it supports local learning objectives in economics and finance. Launched in 2005, the competition marks its fourteenth year as it continues to expand nationally.

2018 will mark the 13th iteration of the Euro Challenge, which continues to expand nationally.  Over 100 teams have participated in this year's competition, collectively representing high schools from 16 U.S. States (Connecticut, Florida, Illinois, Indiana, Massachusetts, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, Washington, Wisconsin, and the District of Colombia).

The Euro Challenge is a program launched and supported by the Delegation of the European Union to the United States, and is managed on the Delegation's behalf by W!se (Working in Support of Education). The Federal Reserve Bank of New York serves as program advisor.

The Euro Challenge is supported by BNP Paribas, Florida International University, the University of Washington, the University of Pittsburgh, University of Illinois at Urbana-Champaign, the University of Texas at Austin, Rutgers University, the World Affairs Council of Pittsburgh, the World Affairs Council of Charlotte, the World Affairs Council of Seattle, the Federal Reserve Bank of Atlanta (Miami Branch), and the Federal Reserve Bank of Chicago (Detroit Branch).

The winning team, St. Alban's School, at the Moody's Reception on April 26th, 2018.

The winning team, St. Alban's School, at the Moody's Reception on April 26th, 2018.

For further information on this year's competition, please visit:

www.euro-challenge.org     

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