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Glossary of summaries

    Euro area

    The euro area comprises the 20 European Union (EU) countries that have adopted the euro as their currency.

    The countries in question are: Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

    Because these countries share the same currency, they need to coordinate their economic policies very closely to ensure their stability and realise their full benefits. This is done on an ongoing basis and by means of monthly meetings of the Eurogroup where issues of common concern for the euro area’s management are discussed and acted upon.

    The euro is also the currency of some non-EU countries:

    • Andorra
    • Kosovo*
    • Monaco
    • Montenegro
    • San Marino and
    • Vatican City.

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    * This designation is without prejudice to positions on status, and is in line with UNSCR 1244 (1999) and the ICJ Opinion on the Kosovo declaration of independence.
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