Students from Princeton High School in Princeton, New Jersey, won the final round of this year's Euro Challenge competition – an academic contest where high school students showcase their financial literacy and specific knowledge of policy-making from a European Union perspective. They led a total of five winning teams, including Eleanor Roosevelt High School, New York City, NY (2nd place), Hastings High School, Hastings-On-Hudson, NY (3rd place) Academy for Information Technology, Scotch Plains, NJ (4th place), and High Technology High School, Lincroft, NJ (5th place).
“It’s been an incredibility difficult year for students in particular,” said European Union Ambassador to the United States Stavros Lambrinidis. “The unprecedented human and policy challenges posed by the coronavirus pandemic made our 2021 competition more timely than ever. The Euro Challenge puts students in the shoes of policymakers, to consider innovative solutions to shared problems in order to build better societies – students become the decision-makers! It also highlights the important economic relationship between the EU and US, a crucial asset as we recover from this crisis. I am especially pleased that so many young Americans took advantage of this unique extracurricular learning experience this year.”
Speaking at the awards ceremony, Ambassador Lambrinidis congratulated the winning teams and all Euro Challenge participants for their remarkable performances.
Arlene Isaacs-Lowe, Global Head of Corporate Social Responsibility at Moody’s Corporation and President of Moody’s Foundation, said: “To build a stronger global economy, we must ensure that the world’s future leaders are diverse, global citizens. The Euro Challenge embodies this spirit. Moody’s is proud to support and participate in judging this competition, and we are continuously impressed by the insights these students demonstrate in their analysis and policy recommendations.”
The five runners up schools were also recognized for their efforts. The students from each school will receive a special Euro Challenge pin and letter of commendation.
Organized by the European Union Delegation to the United States, this year's virtual contest marked the 16th edition of the Euro Challenge, an annual competition that provides high school students nationally with an exciting opportunity to learn about the global economy, policy-making in the EU and countries in the euro area as well as EU-US economic relations. Since its inception, thousands of U.S. students have benefited from participating in the event.
This year’s 50 teams collectively represented high schools from 14 States (California, Connecticut, Florida, Illinois, Massachusetts, Michigan, Minnesota, North Carolina, New Jersey, New York, Pennsylvania, Texas, Washington, and Wisconsin.) and the District of Columbia.
The five winning teams receive monetary awards generously provided by the Moody's Foundation. The first and second placed teams will also enjoy a virtual trip to Washington, DC to present their recommendations to the Embassy of the country they researched. An in-person visit could re-commence in future years.
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, Deutsche Bank, Florida International University, the University of Pittsburgh, the University of Illinois, the University of Texas at Austin, the 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).