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Eurozone

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Eurozone or euro-area is the set of countries of the European Union which have adopted the euro (€) currency.

There are 12 members in the eurozone: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain.

The other three countries of the European Union are not in the Eurozone: Denmark, Sweden, United Kingdom.

The European Central Bank is responsible for the monetary policy within the eurozone.

Some countries not in the EU (and thus not in the Eurozone) also use the Euro: Monaco, San Marino, Vatican City; and Montenegro and Kosovo which formerly used the German mark.

See also: economy

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