Eurozone

The Eurozone is a group of 20 European Union (EU) countries that have adopted the euro (€) as their official currency, creating a single monetary union. The Eurozone is governed by a common monetary policy set by the European Central Bank (ECB), which aims to maintain price stability, manage inflation, and foster economic growth across the member states. Eurozone countries share a unified currency but maintain individual fiscal policies, leading to coordinated efforts to address economic challenges such as debt crises and financial stability. The Eurozone is a significant economic bloc, influencing global trade, finance, and economic policy through its integrated market and shared currency.

Example

Countries in the Eurozone, such as Germany, France, and Italy, use the euro and adhere to the monetary policies set by the ECB.