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Eurozone governance

About the euro area

The euro area (also known as the eurozone) consists of those European Union countries which have adopted the euro as their currency. It currently has 18 member states.

 

Sharing a single currency means that euro area countries must coordinate their economic and fiscal policies closely – much more so than other EU countries.

 

Euro area finance ministers meet every month in the Eurogroup, where they coordinate those policies, take the necessary steps to promote financial stability in the euro area and discuss all issues of common concern for the management of the single currency area.

 

Leaders of euro area member states meet at Euro Summits to outline the strategic direction of their economic and fiscal policies.

 

All EU member states coordinate their economic and fiscal policies in the Council. They also adopt EU-wide measures to preserve economic stability and boost growth and jobs, in particular through deepening of the single market.

 

Monetary policy decisions are taken by the independent European Central Bank.

 

The euro is also used as an official or a de facto currency by a number of countries and regions outside the European Union.

 

 

Eurozone calendar


All meetings

 
 

Policy coordination

Sharing a single currency means that euro area countries must coordinate their economic and fiscal policies closely – much more so than other EU countries.

Topics

Topics

Stability, growth, economic surveillance, employment... Find out more about the issues and topics related to the euro area.

Institutions and partners

The euro area works closely with EU institutions and other partner organisations.

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