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This document is an excerpt from the EUR-Lex website

Euro area

The euro area is formed by the European Union (EU) Member States in which the currency is the euro and in which a single monetary policy is conducted under the responsibility of the Governing Council of the European Central Bank. It comprises the 21 Member States that have adopted the euro as their official currency.

The euro area Member States are: Belgium, Bulgaria, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

As these countries share the same currency, and a single monetary policy and exchange rate policy, they need to coordinate their economic policies very closely, with the common objective of stability and growth. This is done on an ongoing basis and by means of monthly meetings of the Eurogroup, where issues of common concern for the euro area are discussed and coordinated.

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