POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Eurozone
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Demilitarized zone
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Sky Zone
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None of the above
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Detailed explanation-1: -Other countries that adopted the currency include Slovakia (2009), Estonia (2011), Latvia (2014), Lithuania (2015), and Croatia (2023). (The euro is also the official currency in several areas outside the EU, including Andorra, Montenegro, Kosovo, and San Marino.)
Detailed explanation-2: -Member countries using the euro Currently, the euro (€) is the official currency of 20 out of 27 EU member countries which together constitute the Eurozone, officially called the euro area.
Detailed explanation-3: -The euro area (also known as the eurozone) consists of 19 countries that use the Euro: Belgium, Germany, Ireland, Spain, France, Italy, Luxembourg, the Netherlands, Austria, Portugal, Finland, Greece, Slovenia, Cyprus, Malta, Slovakia, Estonia, Latvia and Lithuania.
Detailed explanation-4: -Eurozone participants share a common central bank-the European Central Bank (ECB)-and a common monetary policy. However, they do not have a common fiscal policy, and member states retain control over decisions about national spending and taxation, subject to certain conditions designed to maintain budgetary discipline.
Detailed explanation-5: -Seven countries (Bulgaria, Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden) are EU members but do not use the euro.