Galway students named among top young economists in Ireland

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galway daily news students win Generation €uro Students' Award in galway

Students from Coláiste Iognáid in Galway have been named among the country’s top young economists, claiming the runners-up prize at the 2022 Generation €uro Students’ Award run by the Central Bank of Ireland.

Local students Ruben Muller-Wieland, Thomas O’Riordan, Matthew Fogarty, Robert Farrell, Caoilte Murray, and their teacher Ray Silke, were awarded the runners-up prize at the national final.

Students from Our Lady’s College in Louth were also announced as runner-up winners, while a team from Benildus College in Dublin were named as the overall winners.

Now in its ninth year, the school competition run by the Central Bank of Ireland in association with the European Central Bank challenges Transition Year and 5th Year students to design monetary policy.

“The Central Bank of Ireland is committed to encouraging the economists of the future, and the students demonstrate there is a strong pipeline of young people interested in economics who may choose to forge careers in this area,” said Deputy Governor Sharon Donnery.

“I congratulate all three teams for their perseverance in working together and reaching the final.

“The students showed a great understanding of the principles of economics and monetary policy, and the work performed by the ECB, the Eurosystem, and the Central Bank.”

She said that selecting a winner was a difficult decision for the judging panel and that the teams analysed the challenges faced by the euro area, and should be commended for their ability to assess the rapidly changing economic environment.

As the overall winning team, students from Benildus College will now represent Ireland at the ECB where they will meet ECB President Christine Lagarde and the other winning teams from across Europe.