Eurozone
Area in which the euro is the official currency
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June 4 2025 | European Commission announced Bulgaria's readiness to adopt the Euro as its national currency starting 1 January 2026. |
2024 | Eurozone public debt ratio decreased to 87.4%, indicating continued economic stabilization efforts. |
January 1 2023 | Croatia became the most recent country to join the Eurozone, replacing its national currency, the kuna, with the euro. |
2022 | Eurozone public debt ratio began to stabilize at 94.2%, showing signs of economic recovery. |
2020 | Dramatic increase in Eurozone public debt ratio to 97.2%, likely due to economic impact of the COVID-19 pandemic. |
2020 | United Kingdom officially withdrew from the European Union, ending its previous euro opt-out status. |
2020 | A University of Bonn study found the euro adoption created 'mild losers' (France, Germany, Italy, and Portugal) and a 'clear winner' (Ireland) using the synthetic control method. |
July 10 2020 | Bulgaria officially joined the European Exchange Rate Mechanism (ERM II), a key step towards potential eurozone membership. |
2019 | A Centre for European Policy study concluded that while some countries gained from adopting the euro, several countries (particularly France and Italy) were poorer than they would have been without it. |
2018 | A study using DiD methodology found no systematic growth effects from euro adoption when compared to European economies outside the eurozone. |
2016 | Oliver Hart, Nobel Memorial Prize in Economic Sciences recipient, criticized the euro as a 'mistake' and expressed opposition to European monetary union and centralization. |
January 1 2015 | Lithuania joined the Eurozone, replacing its national currency, the litas, with the euro. |
January 1 2014 | Latvia became a member of the Eurozone, replacing its national currency, the lats, with the euro. |
2012 | Eurozone public debt to GDP ratio reached 91.0%, marking a continued upward trend in national debt levels. |
January 1 2011 | Estonia joined the Eurozone, replacing its national currency, the kroon, with the euro. |
2010 | Eurozone public debt ratio continued to rise, reaching 85.7%, further surpassing the convergence criterion. |
2010 | Eurozone debt crisis diminished interest from Poland, Czech Republic, Denmark, and Sweden in joining the currency union. |
This contents of the box above is based on material from the Wikipedia article Eurozone, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.