Eurozone

Definition

The collective group of countries which use the Euro as their common currency. The Eurozone came into being in 1999, and originally consisted of 11 countries. Now 17 countries are members of the Eurozone. The Eurozone does not include every country in the European Union (some countries are not yet using the Euro), and does not include every country who is using the Euro (to become part of the Eurozone, the country must use the Euro as its sole legal currency). As a currency union, monetary rules are created and maintained by the European Central Bank.

Use Eurozone in a sentence

If you will be doing any business overseas you should try and find out the best way to deal in the eurozone.

​ Was this Helpful? YES  NO 11 people found this helpful.

Our firm had grappled with the growing uncertainty in the eurozone admirably, suffering only minimal losses in our quarterly report.

​ Was this Helpful? YES  NO 10 people found this helpful.

The Eurozone was pleading for help as it was experiencing instability so we decided to research any possible solutions to the problems.

​ Was this Helpful? YES  NO 11 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
national central bank EURO STOXX 50