The winner of the essay contest will receive a prize of €60,000. A prize of €25,000 will be awarded to the best essay written by an author under the age of 30. A further €15,000 will be awarded to runners-up at the discretion of the panel of judges , which is chaired by Pascal Lamy, a former European Trade Commissioner and ex-director general of the World Trade Organization. Submissions are due by July 31 and the awards will be presented at a dinner ceremony in Brussels in October. The rules and conditions can be found below.