Press release 18 May 2012
The Central Bank of Ireland today announced the winning team of the Generation €uro Students Award, a competition for second level students aimed at promoting an awareness of economics and monetary policy decision making.
Transition year students from Marian College in Dublin were announced as the competition’s first national winners and will go on to represent Ireland at the European Central Bank in June where they will meet President Mario Draghi and the other winning teams from across the euro area to take part in a series of educational workshops and events. The team captain was James Bohan and he was joined by fellow students Renatas Nedzveckas, Jordan Billane and Matthew O’Connor. Their teacher is Darren Goode.
Teams from Marian College in Dublin and Our Lady’s Secondary School in Castleblayney, Co. Monaghan were announced as joint runners-up in the competition.
Over 230 teams nationwide entered the competition which invites students to play the role of the Governing Council of the European Central Bank in determining the most appropriate interest rate for the euro area. The competition consists of three rounds beginning last September: an online quiz; a group assignment and the National Final; a presentation by the finalists to a judging panel at the Central Bank chaired by Deputy Governor Stefan Gerlach.
Speaking at the event, Deputy Governor Stefan Gerlach said: ‘It is 10 years since euro notes and coins were introduced to Ireland and, in that time, a whole generation of young people has grown up with the single currency. Our finalists today represent that first generation and I congratulate our winners and runners-up on reaching the National Final. The standard of entries received in the inaugural year of the competition was exceptionally high and we would like to thank all teams for taking part.’
The panel members for today’s event were Maurice McGuire, Director of Financial Operations; Mark Cassidy, Head of Monetary Policy and International Relations, and Mary O’Sullivan, (outgoing) President of the Business Studies Teachers’ Association of Ireland.