A brief explanation about this monetary and economic union.
The Eurozone is officially called the euro area, is an economic and monetary union that involves the coordinations of economic and fiscal policies. A common monetary policy which have adopted the euro as their shared currency.
Did you know that...? At the end of 2006 the euro became the most used currency for cash payments overcoming the american dollar.
Is a monetary union of 19 of the 28 European Union member States. The monetary authority of the Eurozone is the Eurosystem.
Characteristics that a country must have to enter to the Eurozone
To enter to the euro area, the States must comply with the 5 criteria of the Maastricht treaty and also they must be part of the European Union.
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