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Greenwich High team tackles the Euro to finish fourth in national Challenge

May 16, 2018 GMT

GREENWICH — A team of three freshmen and four sophomores from Greenwich High School tackled the unusual topic of financial literacy and the European Union to take part in the 2018 Euro Challenge, where they placed fourth in the nation for their knowledge of the economy of Finland.

“This is an incredible accomplishment for the students involved,” GHS teacher-adviser Ian Tiedemann said. “They had to learn and apply international macroeconomics, monetary policy, fiscal policy, and much more. It has been an honor to mentor these students throughout the process.” The GHS team is made up of 10th-graders Julia Blank, Pietro De Ferrari, Matthew Meyers and Melissa Woo along with ninth-graders Autumn Kim, Sofia Pronina and Wyatt Radzin.

For the competition, the students study a country that uses the Euro, then give a presentation on its financial state with recommendations on reducing deficits, debt and unemployment while offering creative solutions to Europe’s economic growth.

The Greenwich High team qualified as one of 25 from across the nation to compete in the 2018 Euro Challenge semifinal and final rounds on April 26 at the Federal Reserve Bank in New York City.

The Euro Challenge, which is run by the Delegation of the European Union in Washington, D.C., showcases students’ financial literacy and knowledge of the European Union. “The Euro Challenge is a unique opportunity for high school students from across the United States to both learn about and demonstrate their knowledge of the European Union and the 19 countries that share its single currency, the euro.” organizers said.

At the final round, five teams emerged as the winners. Students from St. Albans School in Washington placed first, Mount Saint Mary Academy in New Jersey was second and Saint Joseph High School in Indiana was third, with Greenwich High coming in fourth and North Allegheny Intermediate High School in Pennsylvania placing fifth. They beat teams from 20 other high schools on the final day of competition.

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

“It was very impressive to watch today’s competition to see how engaged and literate on economic and financial matters these students are,” said Ambassador David O’Sullivan, head of the European Union felegation to the United States. “As the impressive European economic recovery continues apace, these students confidently presented creative solutions to tackle future challenges and ideas for creating jobs and growth.”

Over 100 teams from 16 states participated in this year’s competition.

“This is a wonderful, unique opportunity for young Americans,” said O’Sullivan. “The Euro Challenge not only offers them a spotlight in which to showcase their knowledge of international economics and dive deep into policymaking, but it also helps demonstrate to them - and to all who observe the competition - how deeply connected the United States is with Europe.”