Governor Makhlouf launches Generation €uro 2019/20

Generation Euro

(Photo: Governor Makhlouf with pupils from St Mary’s College, Dundalk at the launch of Generation €uro 2019/20)

Central Bank of Ireland Governor Gabriel Makhlouf launched the Generation €uro Students’ Award at St Mary’s College in Dundalk on 3 October 2019.

Now in its seventh year, Generation €uro is a pan-European economics competition open to Transition and 5th Year students in Ireland and across the euro area.

Speaking at the launch in St. Mary’s, Governor Makhlouf spoke about the importance of Generation €uro in developing the expertise of young people in the fields of economics, business and finance.

“The Central Bank is delighted to recognise up and coming young economists through the Generation €uro Students’ Award. This competition gives us an opportunity to recognise excellence in the next generation of young economists,” said Makhlouf

“It also gives students the chance to build valuable life skills while challenging themselves to learn more about the work performed by the European Central Bank, the Eurosystem and the Central Bank of Ireland – institutions that contribute to monetary policy decisions and price stability and affect our daily lives,” he added.

Earlier in the day, Governor Makhlouf and Director of Economics and Statistics Mark Cassidy met with students from Dundalk Institute of Technology and members of Dundalk Chamber of Commerce where Mr Cassidy gave a presentation on the Economic Implications of Brexit.

About Generation €uro

The Generation €uro Students' Award is Ireland's leading economics competition for Transition and 5th Year students.

It is run by the Central Bank of Ireland in conjunction with the European Central Bank (ECB) and is conducted simultaneously by other national central banks in the euro area.

Every year we search for Ireland’s brightest young economists to enact the role of the European Central Bank’s Governing Council, perform their own analysis of the economy and set what they believe is an appropriate interest rate for the euro area.

Students enter the competition in teams of three to five, with a nominated teacher acting as mentor.

Participants are tested over three different rounds - a quiz, a written analysis and a presentation.

The successful teams from the online quiz proceed to the second round where they are asked to analyse economic conditions and determine what they believe to be the appropriate interest rate for the euro area.

Three finalists are then chosen to attend the National Final, where they present their findings to a panel of senior economists at the Central Bank.

The winning team and teacher travel to the ECB in Frankfurt for an award ceremony where they meet the ECB President and the winning teams from across Europe.

Throughout the competition, the Central Bank of Ireland is on-hand to help both teachers and students, provide updates and additional resources across all of our channels and at

This year's competition schedule:

Round 1 Register and complete online quiz 3 October 2019 - 1 December 2019
Round 2 Submission of written economic analyses 13 December 2019 - 23 January 2020
Round 3 National Final at the Central Bank of Ireland 10 March 2020
  European Award Event at the European Central Bank 19,20 May 2020

If you have any questions about the competition or any of the stages, please get in touch with us at: or call us on (01) 224 4572.

(Please do not contact the Central Bank of Ireland or the ECB outside of the competition channels as to do so may risk disqualification.)

See also: Generation €uro