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).