eurozone
The eurozone, also known as the euro area, is the group of European Union member states that have adopted the euro as their legal tender and as the single currency for economic and monetary policy. It is the monetary union of the European Union's Economic and Monetary Union (EMU).
As of 2024, twenty countries use the euro: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece,
Monetary policy in the eurozone is conducted by the European Central Bank (ECB) and the Eurosystem, which
Membership in the eurozone is linked to participation in the EU's Economic and Monetary Union and to
The eurozone faces challenges such as economic divergence among members and the coordination of fiscal policy.
Not all EU members are in the eurozone; Sweden has opted out, and several others have not