Eurozone

Area in which the euro is the official currency

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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.
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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