Definitions for eurozone
eu·ro·zone

WiktionaryRate this definition:0.0 / 0 votes

1. Eurozonenoun

   (the area of) those European Union member states whose official currency is the euro.

WikipediaRate this definition:0.0 / 0 votes

1. Eurozone

   The euro area, commonly called eurozone (EZ), is a currency union of 20 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies. The 20 eurozone members are Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The seven non-eurozone members of the EU are Bulgaria, Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden. They continue to use their own national currencies, although all but Denmark are obliged to join once they meet the euro convergence criteria. Among non-EU member states, Andorra, Monaco, San Marino, and Vatican City have formal agreements with the EU to use the euro as their official currency and issue their own coins. In addition, Kosovo and Montenegro have adopted the euro unilaterally. These countries, however, have no representation in any eurozone institution.The Eurosystem is the monetary authority of the eurozone, the Eurogroup is an informal body of finance ministers that makes fiscal policy for the currency union, and the European System of Central Banks is responsible for fiscal and monetary cooperation between eurozone and non-eurozone EU members. The European Central Bank (ECB) makes monetary policy for the eurozone, sets its base interest rate, and issues euro banknotes and coins. Since the financial crisis of 2007–2008, the eurozone has established and used provisions for granting emergency loans to member states in return for enacting economic reforms. The eurozone has also enacted some limited fiscal integration; for example, in peer review of each other's national budgets. The issue is political and in a state of flux in terms of what further provisions will be agreed for eurozone change. No eurozone member state has left, and there are no provisions to do so or to be expelled.

WikidataRate this definition:0.0 / 0 votes

1. Eurozone

   The eurozone, officially called the euro area, is an economic and monetary union of 17 European Union member states that have adopted the euro as their common currency and sole legal tender. The eurozone currently consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. Other EU states are obliged to join once they meet the criteria to do so. No state has left and there are no provisions to do so or to be expelled. Monetary policy of the zone is the responsibility of the European Central Bank which is governed by a president and a board of the heads of national central banks. The principal task of the ECB is to keep inflation under control. Though there is no common representation, governance or fiscal policy for the currency union, some co-operation does take place through the Euro Group, which makes political decisions regarding the eurozone and the euro. The Euro Group is composed of the finance ministers of eurozone states, however in emergencies, national leaders also form the Euro Group.

How to pronounce eurozone?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say eurozone in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of eurozone in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of eurozone in Pythagorean Numerology is: 2

Examples of eurozone in a Sentence

1. Gunnar Beck:

   The EU has been in perpetual crisis since 2010 and hasn't solved any of the problems these crises have caused, be The EU the eurozone crisis, the migration crisis or now the Covid crisis.

2. Michael Testorf:

   We've been long-term believers in the repair of Europe, and you're starting to see it in the economic numbers. We are confident that you're going to see GDP growth of over 2 percent in the eurozone by 2016.

3. Cathryn Clüver Ashbrook:

   We've already seen big fissures between France and Germany with Emmanuel Macron at the helm. What happens with Le Pen is a total unknown, i think The European People are just too paralyzed with fear to think about this, but in reality, it's much more dangerous than the eurozone crisis.

4. Hussein Sayed:

   Latest developments in the Eurozone and especially the improvement in economic data rules out further easing for now, but given that the number of COVID-19 cases are rising again and negotiations with the UK over Brexit are not going well, the risks are mounting.

5. Neil Dwane:

   Unlike 2010, the eurozone banking system is much better insulated from possible contagion following the latest negative developments in Greece, nevertheless, we would expect a markdown of EZ (eurozone) banks in particular as they have been recent strong performers and clear beneficiaries of the rather simplistic 'Europe is recovering' reflation trade.

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References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Eurozone
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Eurozone
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=eurozone