Euro area member states
There are currently 17 member states in the euro area. The pages below give more information on each of these member states, including their government, institutions and path to euro adoption.
- Euro area▼
The euro area (also known as the eurozone) consists of those European Union countries which have adopted the euro as their currency.
Introduced in 1999, the euro is the single currency shared by 17 of the European Union's member states. These countries make up the euro area, also known as the eurozone.
The euro area (also known as the eurozone) consists of those European Union countries which have adopted the euro as their currency.
Sharing a single currency means that euro area countries must coordinate their economic and fiscal policies closely – much more so than other EU countries.
The euro area (also known as the eurozone) consists of those European Union countries which have adopted the euro as their currency.
Topics relating to the euro area:
- The euro
- European Stability Mechanism (ESM)
- EU's response to the crisis
- Excessive Deficit Procedure – How are the fiscal data compiled?
- Economic Forecasts
- Financial stability in the monetary union
- Growth and jobs
- Macroeconomic surveillance in the euro area
- Stability and Growth Pact
- Strengthening economic and monetary union
- Support to member states in financial difficulty
- Towards the banking union
- Treaty on Stability, Coordination and Governance (TSCG)
- Two-pack: Enhanced budgetary surveillance and coordination in the euro area
The euro area (also known as the eurozone) consists of those European Union countries which have adopted the euro as their currency.
The 17 euro area member states are:
The euro area (also known as the eurozone) consists of those European Union countries which have adopted the euro as their currency.
The euro area institutions
- Council of the European Union
- European Central Bank (ECB)
- European Commission
- European Council
- European Parliament
and partners - Eurogroup▼
Eurogroup President, Jeroen Dijsselbloem, speaking at the Eurogroup press conference in Brussels (21 January 2013)
The Eurogroup President chairs Eurogroup meetings and draws up its work programme.
The current President is Jeroen Dijsselbloem.Eurogroup President, Jeroen Dijsselbloem, speaking at the Eurogroup press conference in Brussels (21 January 2013)
The Eurogroup is composed of finance ministers of the EU member states that have adopted the euro as their currency.
Eurogroup President, Jeroen Dijsselbloem, speaking at the Eurogroup press conference in Brussels (21 January 2013)
Euro area members share a single currency. Consequently, they must coordinate their economic policies in order to ensure coherence and stability in the euro area.
Eurogroup President, Jeroen Dijsselbloem, speaking at the Eurogroup press conference in Brussels (21 January 2013)
The Eurogroup was created to meet the need for enhanced economic policy coordination among euro area member states.
- Summits▼
European leaders at the European Council meeting on 13-14 December 2012 in Brussels.
The Euro Summit President convenes and chairs summit meetings of euro area leaders.
The current Euro Summit President is Herman Van Rompuy, who is also President of the European Council.European leaders at the European Council meeting on 13-14 December 2012 in Brussels.
Euro Summit meetings bring together the heads of state or government of the EU countries that have adopted the euro as their currency, plus the President of the Euro Summit and the President of the European Commission. The President of the European Central Bank is also invited.
Euro Summit members are also members of the European Council, the regular meetings of leaders from all EU member states.
European leaders at the European Council meeting on 13-14 December 2012 in Brussels.
Along with European Council meetings, Euro Summit meetings provide strategic orientations on the economic and fiscal policies in the euro area.
European leaders at the European Council meeting on 13-14 December 2012 in Brussels.
The Euro Summit was first held in October 2008, providing a forum where euro area leaders could discuss matters of interest to the common currency area.
It complements the European Council, which brings together all EU leaders at least four times a year.
