European banks will launch the first-ever European Money Week, starting Monday 9 March 2015. The week seeks to draw more attention to the benefits of financial education for young people and wants to encourage the sharing of best practices. So far, more than ten national banking associations have indicated their willingness to participate in the initiative and will organize national activities.
The week is due to start off with a high-level event in Brussels. The European Banking Federation is producing a website that will highlight the diverse national experiences across Europe in the field of national financial education. The website will be hosted at www.europeanmoneyweek.eu. The site seeks to provide inspiration by sharing various national projects, successful case studies and related initiatives. It will provide an overview of the state of financial education in countries represented in the EBF.
The website will mainly target people with a professional interest in financial education, including teachers, policy-makers, and people in the European banking community. The diversity in the European landscape for financial education is significant. In some countries, bankers directly engage with school children in class rooms, while other countries have specific legal requirements in place that ban banks from entering classrooms.
European Money Week is coordinated by the Financial Education Project Group at the EBF. The first edition will mainly involve banking associations. The initiative is open to involving other stakeholders, in particular European institutions and representatives of consumer groups and civil society. European Money Week is timed to coincide with Global Money Week.
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