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.

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