Diocesan Classical Gymnasium team wins Generation €uro
The final event of the Generation €uro Students’ Award competition was held at the Bank of Slovenia today. The competition has been held by the European Central Bank (ECB) for the past eight years. It is designed to encourage young people to learn about monetary policy and the operations of the ECB and the Eurosystem. Twenty-one teams from eleven different schools participated in the competition. The teams demonstrated a high level of understanding of the complex issues of monetary policy in the euro area throughout all phases of the competition. The highest level of financial acumen was displayed by the Diocesan Classical Gymnasium team, which will participate in the awards ceremony at the ECB in Frankfurt, at which the awards will be handed out by ECB President Mario Draghi.
The Generation €uro competition is designed for higher-form secondary school students in euro area countries, and aims to encourage young people to learn about monetary policy, and to make them aware of the role, duties and operations of the ECB and the Eurosystem.
The competition is held in three rounds – in the first round, the teams test their knowledge in an online quiz with questions about monetary policy, the ECB and the Eurosystem. The teams that make it into the second round are invited to prepare an analysis or a proposal of what type of resolution on monetary policy the ECB’s Governing Council should adopt in respect of the economic conditions in the euro area and the inflation rate. In the final round, the participants present the conclusions of their analyses and answer questions from a panel made up of four Bank of Slovenia employees. Once again, this year all of the final projects were on a very high level, and the winning Diocesan Classical Gymnasium team further won over the panel with the skills they demonstrated and their expertly substantiated responses.
In addition to bolstering their knowledge, participation in the competition allows the participants to stand out from their peers in the future. Participation at the final award ceremony, which will be held at the ECB headquarters on 6 and 7 May 2019, is undoubtedly a major reward and a fantastic experience. In addition to the winning Slovenian team, the awards ceremony will be attended by the winning teams from all of the participating countries in the euro area.