The Eurozone (also called Euro area or Euroland) is the set of countries in the European Union which have adopted the Euro (€) currency. The European Central Bank is responsible for managing the supply of money within the eurozone and political decisions are taken by the "euro group", which is a meeting of the politicians from each euro country in charge of that country's economy.
EU members that are not part of the Eurozone are Denmark, Sweden, Poland, Czech Republic, Hungary, Bulgaria, and Romania.
Official members[change | change source]
There are 20 members in the Eurozone
Made the area on 1 January 1999
Joined on 1 January 2001
Joined on 1 January 2006
Joined on 1 January 2008
Joined on 1 January 2009
Joined on 1 January 2011
Joined on 1 January 2014
Joined on 1 January 2015
Joined on 1 January 2023
There are other countries outside the European Union which use the euro as well, but these are not officially in the eurozone.
Other websites[change | change source]
- Eurozone -Citizendium