Delegation of the European Union 
to the United States

U.S. High School Students Compete in 2018 Euro Challenge

Bruxelles, 11/04/2018 - 21:29, UNIQUE ID: 180411_9
Press releases

The economic expansion in the European Union has now been ongoing for four and a half years, and the European economy is set for a solid and lasting expansion. In light of this, American high school students will gather to compete in the annual Euro Challenge to showcase their financial literacy and knowledge of the EU. Teams from 25 schools will travel to New York City to participate in the semi-final and final rounds, which will be held at the Federal Reserve Bank of New York on April 26.

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.

"This is a wonderful, unique opportunity for young Americans," said Ambassador David O'Sullivan, Head of the European Union Delegation to the United States. "The Euro Challenge not only offers them a spotlight in which to showcase their knowledge of international economics and dive deep into policymaking, but it also helps demonstrate to them – and to all who observe the competition – how deeply connected the United States is with Europe."

The European Union is the largest economic partner of the United States. Together, the EU-U.S. partnership is the largest and wealthiest market in the world, accounting for 50 percent of the world's GDP in terms of value and 30 percent of world trade. The Euro Challenge helps to foster a better understanding of this transatlantic economy and EU-U.S. relations in general, as it supports local learning objectives in international affairs – particularly in economics and finance.

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. ). Of these, 25 teams will advance to the semi-final round on the morning of April 26 – and from there, five will proceed to the final round, to be held later that afternoon. Teams consist of 3-5 9th and 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. 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

Cranbrook-Kingswood Upper School

MI

East Brunswick Schools

NJ

East Chapel Hill High School

NC

Greenwich High School

CT

Groton School

MA

Gulliver Preparatory School

FL

Half Hollow Hills HS West

NY

Hasting High School

NY

Herricks High School

NY

High School for Math, Science and Engineering

NY

Inglemoor High School

WA

Marlboro High School

NJ

Montclair High School

NJ

Mount Saint Mary Academy

NJ

North Allegheny Intermediate High School

PA

Okemos High School

MI

Princeton High School

NJ

Ridgewood High School

NJ

Sachem North High School

NY

Saint Joseph High School

IN

St. Albans School

DC

School of Business and Management

TX

West Windsor-Plainsboro High School North

NJ

York Community High School

IL

 

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).

 

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

2175 K Street (entrance from 22nd Street), NW, Washington, DC 20037

www.EUintheUS.org & @EUintheUS

 

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