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Students from Montclair High School Win 2016 Euro Challenge

Delegation of the European Union to the United States

Press Contacts:
James Barbour
(202) 862 9523

Kasper Zeuthen
(202) 862 9530

No. 02

April 20, 2016

 

Students from Montclair High School Win 2016 Euro Challenge

 

Five High School Teams Receive Dollars for Proving Euro Knowledge

 

At the final round of this year’s Euro Challenge competition, held yesterday at the Federal Reserve Bank of New York, five teams emerged as the winners. Students from Montclair High School, NJ, (1st place), Ridgefield High School, CT, (2nd place), Joel Barlow High School, CT (3rd place), Mount Saint Mary Academy, NJ (4th place), and International Academy – Okma Campus, MI, (5th place) beat top teams from 24 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 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 was very impressive to watch today’s competition, to see how engaged and financially literate these students are and to hear how confidently they could present truly creative solutions for some of our most urgent economic challenges,” said Ambassador David O’Sullivan, Head of the European Union Delegation to the United States as he attended the award ceremony. “The Euro Challenge has been a great learning experience for thousands of 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 also helps them to have a better understanding of how deeply Europe and America are connected.”

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 continues to expand nationally. This year, close to one hundred high school teams from 14 states (Connecticut, Florida, Illinois, Indiana, Massachusetts, Michigan, New Jersey, New York, North Carolina, Virginia, Pennsylvania, Texas, Washington, and Wisconsin) plus the District of Columbia participated in the program. Preliminary regional competitions concluded at the end of March, with 25 schools advancing to the finals.

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, Credit Suisse, Florida International University, the University of Pittsburgh, the University of Illinois, the University of Texas at Austin, Rutgers University, George Washington University, the World Affairs Council of Pittsburgh, the World Affairs Council of Charlotte, the World Affairs Council of Seattle, the DC World Affairs Council, the Federal Reserve Bank of Cleveland (Pittsburgh Branch), the Federal Reserve Bank of Chicago and Detroit Branch, the Federal Reserve Bank of Atlanta (Miami Branch) and Learning Economics and Finance Network, Inc. (LEAF).

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

www.euro-challenge.org

 

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Delegation of the European Union to the United States

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