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European Money Quiz brings together 50 000 European students

23rd April, 2021

  • Students from 28 countries tested their knowledge in financial literacy competition organised by the banking sector
  • Hungary, Ireland, and Slovakia took the podium in the European finals

Nearly 50.000 students from secondary schools across Europe had this week had their financial literacy challenged in the European Money Quiz’s Final, an online competition hosted by the European Banking Federation that brought to an end this year’s quiz season.

The quiz was launched in 2017 as an initiative to promote financial education by national banking associations in Europe, under coordination by the European Banking Federation.

“The continued resilience and dedication of the European Money Quiz community ensured a successful competition in an online format for the second year in a row. While we hope to be able to welcome the finalists in Brussels next year, we are proud of teachers and our members whose hard work made the quiz a reality even against a very challenging backdrop,“ said Wim Mijs, CEO of the European Banking Federation. “Now more than ever, financial literacy should be recognised as a critical life skill. We trust that the European Money Quiz provides an important contribution to boosting financial literacy across Europe”.

Zsófia Strasszer from Hungary was the winner of the European Final, followed closely by Georgia O’Keefe from Ireland and Veronika Makelová from Slovakia. Hungary, Ireland, Slovakia, Estonia, Austria, Malta, Italy, Portugal, Norway, and Greece were the top performing countries in this year’s European Money Quiz finals.

Competitors measured their knowledge on personal finance along four main themes: money and transactions; planning and managing finances; risk and reward; and the financial landscape. The pedagogic content of the quiz is aligned with the OECD/INFE guidelines and core competencies on financial literacy for the youth.

The classrooms that emerged as winners of their national competition all have selected a team of two representatives to represent their school in the European finals. This year students showed academic prowess by tackling the final’s questions in the English language. The participating teams come from Albania, Austria, Azerbaijan, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, North Macedonia, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Turkey.

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