PRESS DELEGATION OF THE EUROPEAN UNION
At the final round of this year’s Euro Challenge competition, held today at the Federal Reserve Bank of New York, five teams emerged as the winners. Students from Princeton High School, New Jersey, (1st place), Montclair High School, New Jersey, (2nd place), Hunter College High School, New York, (3rd place), Trinity Preparatory School, Florida, (4th place), and Nova High School, Florida, (5th place) beat top teams from 25 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 18 countries that share its single currency, the euro. Participants showcase their specific knowledge of countries in the euro area and make policy recommendations to rein in deficits and debt, reduce unemployment, or solve other challenges confronting these countries.
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 is truly impressive how engaged and knowledgeable these students are and what creative solutions they propose for some of our most urgent economic challenges,” said Ambassador João Vale de Almeida, Head of the European Union Delegation to the United States. “The competition has reached thousands of young Americans. It’s a great learning experience for these students as they go beyond the headlines of economic news to fully understand key economic concepts and the complex realities faced by policymakers.”
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 2006, the competition continues to expand nationally. This year, more than one hundred high school teams from 14 states plus the District of Columbia participated in the program.
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. Other partner organizations include: Credit Suisse, the University of North Carolina, Florida International University, the University of Pittsburgh, the University of Illinois, Rutgers University, the Federal Reserve Bank of Cleveland (Pittsburgh Branch), the Federal Reserve Bank of Boston, the Federal Reserve Bank of Chicago, the Federal Reserve Bank of Chicago (Detroit Branch), the Federal Reserve Bank of Atlanta-Miami, George Washington University, the DC World Affairs Council, the University of Texas at Austin and BNP Paribas.
For further information on this year’s competition, please visit:
Press Contacts: Silvia Kofler (202) 862 9523
Anna Prisco (202) 429 6387
Delegation of the European Union to the United States
2175 K Street (entrance from 22nd Street), NW, Washington, DC 20037
www.EUintheUS.org & @EUintheUS