WATCHUNG – The Mount Saint Mary Academy Euro Challenge team earned the highest score in the nation. The team’s performance in the first round of competition held on Monday, March 18 at the Credit Suisse in New York City also earned them the highest score in the New York region. Based on their stellar performance, the team has advanced to the semi-final round, which will be held on April 12 at the New York Federal Reserve Bank.
The Euro Challenge competition for high school students tests their knowledge and understanding of the European economy and the euro, the currency shared by many of the 27 countries of the European Union (EU). The program is launched by the Delegation of the European Union to the United States in partnership with The Moody’s Foundation and the Federal Reserve Bank of New York serving as the program advisor.
Four sophomores- Alexis Cirrotti of Gillette, Jessica Heine of Cranford, Patrece Savino of Warren, and Julia Vallone of Bedminster, and three freshmen – Caroline Clausen of Glen Gardner, Jugdip Khokher of Iselin, and Julia MacDonald of Westfield – comprise the team. The students are coached by Math Department Chair Kathleen Brennan and Social Studies Department Chair Alicia Iacono.
In the March 18 competition, the team gave an impressive presentation on the issue of slow growth in France. At the conclusion of the presentation, the team answered questions from a panel of three judges who are experts in European economic affairs. The questions tested the team’s knowledge of the current economic conditions in both France and the Euro area. They also fielded questions on their policy prescriptions to solve France’s slow growth problem.
“New York is one of the toughest regions in the country,” Brian Scios, Director of Communications and Events for Working in Support of Education, told the team during an award presentation on March 25. “The fact that you were first says a lot about your ability and preparation.”
In the next round of competition, the Mount Saint Mary team will compete against the winning regional team winners representing 19 states. After the competition, the Moody’s Foundation will host a reception to announce the winning teams. Cash prizes and a trip to Washington, D.C. are provided by the foundation. In 2010, the Mount team came in second place, winning a cash prize of $5,000, and received a trip to Washington, D.C. with private tours of the European Commission, the International Monetary Fund, the Greek Embassy, and the White House.
Photo caption: (L-R Back Row) Euro Challenge Moderator Kathleen Brennan, Euro Challenge Moderator Alicia Iacono, Julia MacDonald, Caroline Clausen, Patrece Savino, Mount Directress Sister Lisa Gambacorto, Brian Scios of Working in Support of Education (L-R Front Row) Julia Valone, Jessica Heine, Alexis Cirrotti (Not pictured: Jugdip Khokher)
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