Finals and Award Ceremony of the “Generation €uro Students’ Award" High School Competition
The finals and award ceremony of the Eurosystem high school competition “Generation €uro Students’ Award” were organised on 1 March at the BCL. This event concluded Luxembourg’s 2015-2016 contest.
Mr. Gaston Reinesch, BCL Governor, surrounded by the finalists and the members of the jury
The “Generation €uro Students’ Award” competition was created in 2011 and has been organised in Luxembourg since 2013. The competition targets secondary school students aged between 16 and 19, particularly those following economics classes. Its aim is to promote a better understanding of the role and functioning of the Eurosystem, an entity composed of the European Central Bank (ECB) and the national central banks of the euro area. The competition is co-organised by the ECB and a dozen national central banks in participating countries, including the BCL in Luxembourg.
In the 2015-2016 contest, 21 teams took part in the first round in November, during which participants had to respond to a 30-question online quiz on the Eurosystem and its monetary policy. Out of these 21 teams, eight were selected for the second round in January, in which they were asked to take a monetary policy decision and explain their reasoning in writing. The three best teams selected at the end of the second round were invited to take part in the finals on 1 March, during which they had to present a new monetary policy decision before a jury of experts from the BCL and answer questions from the jury.
The following high schools took part in the competition in 2015-2016: Athénée de Luxembourg, Lycée Aline Mayrisch Luxembourg, Lycée technique Ecole de commerce et de gestion (ECG), Lycée technique de Lallange, Lycée de garçons Esch, Ecole de la deuxième chance and Sportlycée.
The following teams reached the finals:
- Team “Euroteam” from Athénée de Luxembourg (3rd place), composed of Alessandro Di Stefano, Thomas Mouton and Sarah Wolff (teacher : Carlo Klein) ;
- Team “Dei Bescht vun Esch” from Lycée technique de Lallange (2nd place), composed of Dina Babacic, Claudia De Jesus Tavares, Lejla Honsic, Dzeila Ibrahimovic and Fabien Ientile (teacher : Tom Muller);
- Team “Mat Esch kee Crash” from Lycée technique de Lallange (1st place), composed of João Da Silva, Pedro Duarte, Marcia Lopes, Guilherme Lourenco and Julie Wirion (teacher: Christophe Baustert).
After the jury’s deliberation, Mr. Gaston Reinesch, Governor of the BCL and member of the Governing Council of the ECB, opened the award ceremony.
In his address, Mr. Reinesch expressed his satisfaction with the outcome of the competition: “This year’s contest took place, once again, in a particularly complex economic environment, where monetary policy relies to a large extent on non-conventional measures. I would like to congratulate all of you for your efforts and thank your teachers for their support throughout the three stages of the competition”.
This year’s winning team “Mat Esch kee Crash” will travel to Frankfurt on 20 and 21 April for the European award event, where each best national team will receive a certificate from the hands of the ECB President Mario Draghi.