U.S. High School Students can help solve the Euro’s Challenges! Indiana High School Team Competes in the 2013 Euro Challenge

WASHINGTON, April 9, 2013 /PRNewswire-USNewswire/ — American high school
students are poised to reflect on some of Europe’s main economic problems, as
teams from 25 high schools, including St. Joseph’s High School in Indiana,
gather at the Federal Reserve Bank of New York on April 12 to compete in the
semi-final and final rounds of this year’s Euro Challenge 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 17 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 Euro Challenge fosters a better understanding of the European economy and
transatlantic economic relations, and it supports local learning objectives in
economics and finance. The competition continues to expand nationally. This
year, more than one hundred high school teams from 17 states plus the District
of Columbia participated in the program. Preliminary regional competitions
concluded in March, with 25 schools advancing to the finals on April 12.

“I am proud to support a program that encourages young Americans to learn about
the challenges confronting the economies of Europe, and what countries that
share a common currency are doing to overcome these challenges,” said Ambassador
Joao Vale de Almeida, Head of the European Union Delegation to the United
States. “The Euro Challenge is 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. By learning how Europe
is dealing with these challenges, the Euro Challenge helps young Americans to
have a better understanding of how Europe and America are deeply connected.”

The competition, which has reached thousands of American high-school students
over the past seven years, brings the EU to life, better than any text book or
website, and it fosters a life-long interest in economics and the important
EU-U.S. partnership. It also promotes teacher professional development by
deepening insights into the workings of European Union institutions. Jose
Melgarejo, teacher at Newark Collegiate Academy, one of this year’s first time
participating schools notes: “The entire competition was very worthwhile both
for my students and me. The level of economics that they now understand
outclasses most of the student population in the school. AND they had a blast!”

The 9th and 10th grade students have spent months researching European economic
policy and history with the help of mentors from their schools and resources
provided by the EU Delegation. In the competition, teams of three to five
students make presentations about the economic situation of the “euro area” (the
17 EU member countries that have adopted the euro so far), and then focus on an
economic challenge confronting one member country of the euro. The challenges
range from slow growth and high unemployment to aging and globalization. Teams
make recommendations on how to solve these challenges and must answer questions
from a distinguished panel of judges to showcase their grasp of economic issues
and economic policy trade-offs.

The top five winning teams will receive monetary awards generously provided by
The Moody’s Foundation, along with a trip to Washington, D.C. for the top two
teams.

“Moody’s is proud of its continued support of the Euro Challenge,” said Frances
G. Laserson, President of The Moody’s Foundation. “This competition enables the
next generation to see the value in acquiring the skills and knowledge necessary
to understand global economic issues.”

The Euro Challenge is a program launched and supported by the Delegation of the
European Union to the United States. The national coordinator of the competition
is 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),
George Washington University, the DC World Affairs Council and the University of
Texas at Austin.

Of the 25 teams competing at the Federal Reserve Bank of New York in the
semi-final round the morning of April 12, five teams will advance to the final
round of the competition held in the afternoon the same day.

The following schools are competing in the semi-final round:

Oceanside High School, New York

Mt. St. Mary Academy, New Jersey

High School for Math, Science & Engineering, New York

Bronx High School of Science, New York

High Technology High School, New Jersey

Ridgefield High School, Connecticut

Hunter College High School, New York

Montclair High School, New Jersey

George W. Hewlett High School, New York

Marlboro High School, New Jersey

Princeton High School, New Jersey

Joel Barlow High School, Connecticut

Canton High School, Massachusetts

Arlington High School, Massachusetts

International Academy Okma, Michigan

International Academy Macomb, Michigan

Coral Reef, Florida

Western High School, Florida

Miami Palmetto, Florida

School Without Walls, Washington DC

North Allegheny Intermediate School, Pennsylvania

Rockport-Fulton High School, Texas

East Chapel Hill High School, North Carolina

Madison East High School, Wisconsin

St. Joseph’s High School, Indiana

For further information on this year’s competition and enrollment for 2014,
please visit:

www.euro-challenge.org

www.EUintheUS.org & @EUintheUS

SOURCE Delegation of the European Union to the United States

 

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