Students’ expertise on European Union currency earns them trip to New York

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A group of students from the School of Business and Management are headed to New York to compete in the semi-finals of the 2019 Euro Challenge at the Federal Reserve Bank.

The students will compete against 24 other teams from across the country by showcasing their financial literacy and knowledge of the European Union and its single currency, the euro.

Participating teams will prepare a detailed presentation of current economic conditions in one of the 19 countries that share the euro, and proceed to make policy recommendations to improve that country’s competitiveness, human capital and sustainable growth.

This year’s contest takes on special importance as the euro celebrates its 20th anniversary. Since its launch in 1999, the euro has brought stable prices, lower transaction costs, more transparent and competitive markets, and increased trade.

“The Euro Challenge is a unique learning opportunity for young Americans that teaches students about financial literacy and policy making from an EU perspective,” said Moreno Bertoldi, Special Advisor to the Ambassador and Head of the Economic and Financial Affairs Section at the EU Delegation. “It also highlights that the EU is the largest economic partner of the United States. Since we launched the Euro Challenge in 2006, I am proud to say that hundreds of American students have participated in this exciting competition.”

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. also sponsored by the Moody’s Foundation to present solutions to the embassy of the country they researched.

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