Definition of Eurozone

What is the "Eurozone"? What does the term "Eurozone" mean?

The "Eurozone" is comprised of the 17 European Union member states that have adopted the Euro and use it as their single legal tender.

The current 17 "Eurozone" nations are:

Austria
Belgium
Cyprus
Estonia
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Malta
The Netherlands
Portugal
Slovakia
Slovenia
Spain

The Eurozone is currently embroiled in a debt crisis right now that threatens to take down the Euro. A number of Eurozone countries, including Greece and even Italy, are having major issues that could result in multiple sovereign defaults. Can the Euro be saved?


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