noun
- the group of European Union member states that have adopted the euro as their official currency
Usage: often capitalized; also called the euro area
Examples
- France and Germany are both members of the eurozone.
- The eurozone experienced economic challenges during the financial crisis.
- Countries that join the eurozone must meet strict fiscal requirements.
- The European Central Bank sets monetary policy for the entire eurozone.
- Not all EU member states are part of the eurozone; some retain their own currencies.
- The eurozone expanded when several Eastern European countries adopted the euro.