Eurozone

(noun)

Those European Union member states whose official currency is the euro.

Related Terms

Examples of Eurozone in the following topics:

  • The Structure and Function of Other Banks

    • The European Central Bank (ECB) is the central bank for the euro and administers the monetary policy of the Eurozone, which consists of 17 EU member states and is one of the largest currency areas in the world.
    • In contrast with the Federal Reserve, the ECB has the primary objective of maintaining price stability within the Eurozone, but is not charged with regulating unemployment or economic output.