Eurozone

The Eurozone is a group of European Union countries that use the euro (€) as their official currency. This includes 19 of the 27 EU member states, such as Germany, France, and Italy. The Eurozone was created to promote economic stability, facilitate trade, and strengthen the integration of European economies. By using a common currency, these countries eliminate exchange rate risks and make it easier for people and businesses to move money across borders. The European Central Bank oversees monetary policy for the Eurozone, aiming to maintain price stability and support economic growth.