Two Berkeley Heights students, Maddie Branthover and Emma King, were members of the Mount Saint Mary Academy team that took first place in this year's Euro Challenge competition.
The competition, which was held earlier this month at the Federal Reserve Bank of New York, 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.
Twenty five teams entered the final round of the competition and five teams emerged as the winners. Mount Saint Mary Academy defeated Princeton High School, which came in second, Hastings High School which was third, Trinity Preparatory which was fourth and Herricks High School which was fifth.
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 as they confidently presented 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 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 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 thirteenth year as it continues to expand nationally.
This year, more than a hundred high school teams from 14 states (Connecticut, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Wisconsin) 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 WISE (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, the University of Washington, the University of Pittsburgh, the University of Illinois, 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 Texas Council of Economic Education, the Council of Economic Education of Rhode Island, the Council of Economic Education Maryland, the Federal Reserve Bank of Atlanta (Miami Branch), the Federal Reserve Bank of Chicago, the Federal Reserve Bank of Chicago (Detroit Branch).