The eurozone, officially called the euro area, is an economic and monetary union (EMU) of 17 European Union (EU) member states that have adopted the euro (€) as their common currency and sole legal tender. The eurozone currently consists of
Other EU states (except for the United Kingdom, Denmark and de facto Sweden) are obliged to join once they meet the criteria to do so.
19. San Marino
have concluded formal agreements with the EU to use the euro as their official currency and issue their own coins.
Lithuania's path to euro-zone membership is likely to take longer than expected, an economist at the nation's central bank said, as the victory
of an anti-austerity party in October elections has left uncertainty
over whether the country can meet European Union government-spending and
debt criteria as well as inflation targets.