Currency Euro | Type Monetary union Established 1 January 1999 | |
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Members 19 statesAustriaBelgiumCyprusEstoniaFinlandFranceGermanyGreeceIrelandItalyLatviaLithuaniaLuxembourgMaltaNetherlandsPortugalSlovakiaSloveniaSpainFuture membersFurther usage | ||
The eurozone ( pronunciation ), officially called the euro area, is a monetary union of 19 of the 28 European Union (EU) member states which have adopted the euro (€) as their common currency and sole legal tender. The monetary authority of the eurozone is the Eurosystem. The other nine members of the European Union continue to use their own national currencies, although most of them are obliged to adopt the euro in future.
Contents
- Member states
- Historical eurozone enlargements and exchange rate regimes for EU members
- Future enlargement
- Non member usage
- Expulsion and withdrawal
- Administration and representation
- Comparison table
- Inflation
- Interest rates
- Public debt
- Fiscal policies
- Bailout provisions
- Peer review
- Criticism
- Economic policemen
- References
The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland,