EMBARGOTransmission embargo until 4 p.m. CET on Thursday, 3 April 2014
- The Generation €uro Students’ Award is a competition open to secondary school students resident in the euro area. It aims to help secondary school students understand monetary policy and how it relates to the economy as a whole.
- More than 4,500 students, aged between 16 and 19, participated in this year’s competition.
- The winning teams come from the following euro area countries: Austria, Belgium, Finland, Germany, Ireland, Italy, Luxembourg, Portugal, Slovakia, Slovenia and Spain. In addition, the International College Spain is the winner of the “European and International School” category.
ECB President Mario Draghi, together with the respective national central bank governors of participating euro area countries, welcomed the winning teams of the third Generation €uro Students’ Award competition at the European Central Bank today. Before handing out certificates to the winning teams, Mario Draghi extended his congratulations and thanked both students and teachers for their enthusiasm and dedication. “This competition helped to teach you what monetary policy entails. I hope it also reminded you of the importance of working together – of Europe,” he said.
The competition consisted of three rounds, spanning the academic year 2013/14. More than 4,500 students from the euro area, aged between 16 and 19, participated in this year’s competition. Over 1,000 students passed the first round of a multiple-choice test and were invited for the second round where they had to write an essay predicting the ECB’s Governing Council interest rate decision in February 2014. Altogether, more than 220 essays were received. The third (and final) round included presentations by the selected best teams on the April 2014 interest rate decision and the underlying reasoning in front of a jury of central bank experts.
The winners of the national competitions are as follows:
- HLW für Kommunikations- und Mediendesign, Linz (Austria);
- Institut Saint-Joseph, Ciney (Belgium);
- Sancta Maria Instituut, Kasterlee (Belgium);
- Helsingin Suomalainen Yhteiskoulu, Helsinki (Finland);
- Max-Planck-Schule Kiel (Germany);
- Gonzaga College S.J., Dublin (Ireland);
- Istituto professionale servizi commerciali Sandro Pertini, Lucca (Italy);
- Athénée de Luxembourg (Luxembourg);
- Amato Lusitano Secondary School, Castelo Branco (Portugal);
- Gymnázium Jozefa Miloslava Hurbana, Čadca (Slovakia);
- Gimnazija Bežigrad, Ljubljana (Slovenia);
- IES Cabo de la HuertaAlicante (Spain).
The winner of the European and International School competition is: International College Spain.
For media queries, please contact Elodie Lafitte Nowodazkij (Tel: +49 69 1344 7390; E-mail: Elodie.Lafitte@ecb.europa.eu)