Lake Forest High School from Illinois Wins District Euro Challenge Competition
CHICAGO — A team of five students from Lake Forest High School, Lake Forest, Ill., won the first round of the Midwest Euro Challenge competition held at the Federal Reserve Bank of Chicago on March 26, 2010.
The team, along with their teacher Chris Bryant, will now represent the Federal Reserve Bank of Chicago’s Seventh District in the Euro Challenge semi-final round to be held on April 27 in New York City.
The second place winners and their teacher, Christine LaRue, from Elgin High School, Elgin, Ill., will also compete at the semi-finals in New York City.
The Midwest Euro Challenge is co-sponsored by the Chicago Fed; the University of Illinois European Union Center, Center for International Business Education and Research and Academy for Entrepreneurial Leadership; and the Delegation of the European Union Commission to the United States.
Teams from Illinois and Wisconsin competed in a first round at the Chicago Fed. Teams from Michigan competed at the University of Michigan for the first round on March 26. All regional winning teams go to New York City for the semi-final and final rounds, and are eligible to win cash prizes and a trip to Washington, DC made possible by the Moody’s Foundation.
The Euro Challenge is an educational opportunity for high school students (grades 9 and 10) to learn about the European Union and the euro. In this nationwide competition, student teams are asked to describe the current economic situation in Europe, select one economic-related challenge, and recommend a policy or policies to address the challenge.
Learn more about the Euro Challenge. The Federal Reserve Bank of Chicago is one of 12 regional Federal Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the nation's central bank. The Chicago Fed serves the Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the lower peninsula of Michigan, and the entire state of Iowa. In addition to providing check processing and other services for financial institutions, each Reserve Bank serves as a bank for the U.S. government, supervises member banks and bank holding companies, monitors economic conditions in its district, and participates in the formulation of national monetary policy.