BusinessAugust 18, 2026
eurozone
YOO-roh-zohn
Definition
The group of European Union member states that have adopted the euro as their common currency.
Etymology
Derived from a combination of 'euro' (the name of the currency) and 'zone' (an area or region). The term gained common usage in the late 1990s as the monetary union was established.
In the news
The article uses the term to highlight that public deficits across these specific nations are already high, averaging about 3 percent of GDP.
Someone will have to pay: Climate damage - a new blow to Europe's public finances
Read the full article ↗vijesti.me