Generation €uro Students’ Award

The deadline to submit the analytical proposal for the second phase closed on February 4.
Stay tuned to this website! We will soon be announcing the names of the finalist teams.

The Generation €uro Students’ Award seeks to shed light on the workings of Eurosystem monetary policy and its role in ensuring price stability.

It is an annual competition for upper secondary and intermediate vocational training students. It was first held during the 2011-12 academic year, launched by the European Central Bank (ECB) and eleven euro area national central banks.

Since then, the Banco de España has taken charge of organising the contest in Spain.

15th edition (2025-2026)

To participate in the 15th edition of the Generación €uro Students’ Award, all you need is a team of three to five upper secondary or intermediate vocational training students, a teacher, and a strong desire to learn.

All the information about the participation requirements, competition structure, and prizes is detailed in the following documents:

Please note that the educational institution must obtain written consent from each team member — or from their parents or legal guardians, if applicable — for participation in the competition.

These authorizations must be retained by the educational institution and made available to the Banco de España upon request.

Third phase: preparation and defence of an analytical proposal

Teams that qualify for the third phase must prepare a new analytical proposal on the monetary policy decision they believe the Governing Council of the European Central Bank should take at its meeting on March 19, 2026.

Finalist teams will receive instructions on how to submit the analytical proposal.

The deadline for submitting the new analytical proposal is March 18, 2026 at 12:00 p.m. (CET).

The date for the presentation and defence of the analytical proposal will be announced and communicated to the finalist teams with sufficient advance notice.

How does Generation €uro Students’ Award work?

Generación €uro is a competition about monetary policy that consists of three phases.

October 2025: First phase
Completion of a multiple-choice test.
The test was held on October 29.
You can check the 71 teams classified for the second phase here (165 KB).
February 2026: Second phase
Preparation of a first analytical proposal on monetary policy.
The deadline to submit the analytical proposal for the second phase closed on February 4.
We will soon be announcing the names of the finalist teams.
March 2026: Final phase
Preparation and defense of a second analytical proposal on monetary policy.
The proposal and presentation must be submitted by email before 12:00 p.m. (CET) on March 18, 2026.
The presentation and defense will take place at the Banco de España headquarters in Madrid.
The date of the presentation and defense will be communicated well in advance.
A panel of experts will choose the winner, as well as the first and second runners-up.