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Meath students set to represent Ireland in European Finals of financial education competition

13th April 2018

Second year students will go head to head with students from 30 other countries in the live final of the European Money Quiz in Brussels

Meath students Ciarmhac O’Fionnagáin, 14, and Michael McGovern, 14, are set to fly the flag for Ireland as they bid to become European Champions in the finals of the European Money Quiz 2018, a European-wide financial education competition.

The second year business studies students from O’Carolan College, Nobber, Co Meath were today crowned national champions of the Irish heat of the competition organised by Banking & Payments Federation Ireland, (BPFI) in March. They will now go forward to the final in Brussels on May 8th where they will compete against teams from 30 other European counties for the European title.

The European Money Quiz is a European-wide competition which aims to promote financial literacy among students aged between 13-15 year olds. In March, BPFI hosted the Irish heats of the quiz when hundreds of students in classrooms across Ireland played the quiz simultaneously in an innovative real time Kahoot! Webcast on YouTube. Students, in teams of two, had to answer a range of financial education related questions with the winner being the team to answer the most correct questions in the fastest time.

Winning team, Ciarmhac and Michael, accompanied by their business studies teacher, Caroline Ni Ghabhainn, were today presented with a trophy by BPFI President, Jonathon Lowey at a ceremony to mark their success at national level. They will now travel to Brussels to represent Ireland in the competition’s European final on May 8th. This will see teams of two from 30 countries play directly against each other in a live final in a bid to become European champions and win a prize for their class. The final will be hosted by the European Banking Federation of which BPFI is a member.

Speaking at today’s presentation, BPFI President, Jonathon Lowey said: “BPFI is delighted to mark the great success of Ciarmhac and Michael in winning the Irish final of the European Money Quiz and beating off some very stiff competition from right across Ireland in the process. This innovative quiz is a great initiative to boost financial literacy amongst students in Ireland. It is vital that we help young people prepare for their future and this quiz is a fun way to learn about money, personal finance and financial terminology. We wish both students every success as they go on to represent Ireland in the European final in Brussels in May and in hoping that, whatever the result, they will learn even more from their experience.”

The European Money Quiz was launched this year as part of European Money Week (EMW), a joint initiative between the European Banking Federation and 30 banking associations across Europe – including BPFI. BPFI’s participation in EMW is part of its on-going work in the area of financial education which also includes the development of BusinessEducation.ie, an online resource for teachers and students of business subjects at second level developed jointly with the Business Studies Teachers’ Association of Ireland (BSTAI) and member banks.

 

For further information contact Jillian Heffernan, Head of Communications, BPFI, 087 9016880 jillian.heffernan@bpfi.ie

About European Money Week

From Monday 12 March until 18 March 2018 the fourth European Money Week took place, with events organised by national banking associations across Europe, under coordination of the European Banking Federation to highlight financial education. The annual initiative involved young people in more than 30 countries, with activities ranging from classroom sessions to seminars and conferences, all seeking to improve financial literacy through better financial education. Each year BPFI works with the Business Studies Teachers’ Association of Ireland (BSTAI) and its member banks to rollout a programme of financial education activities both during this week and beyond with the aim of helping teachers equip Irish students with the right skills. Some of this work can been seen on www.BusinessEducation.ie

 

European Money Quiz 2018 Irish Final – winners and runners up

Winning Team
Ciarmhac O’Fionnagáin & Michael McGovern, O’Carolan College, Nobber, Co Meath
Teacher: Caroline Ni Ghabhainn

1st Runners Up

Rebecca McDonald & David O’Connor. St Colmcille’s Community School, Knocklyon, Dublin 16
Teacher: Margaret McDonnell

2nd Runners Up

Nathan Rowley & Marcel Skwierz, Drumshanbo Vocational School, Drumshanbo, Co Leitrim
Teacher: Mary Tiernan

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