section 6
The euro appeared at the beginning of 2000 as the single currency of 12 union countries, and up to 2019, the number of the regions in the Eurozone increased to 19. All these economies (especially small ones) are closely intertwined, and therefore any news from Germany, France, Italy or Greece is capable of setting the single currency in motion.
Let us clarify that the Eurozone implies a closer level of integration and coordination than the European Union, which includes 29 countries. In the Eurozone countries, they have not only the common currency but also the common monetary policy from the European Central Bank.
Although at the moment not all the EU countries have accepted EUR, the main aim of the single region’s development is the euro circulation.
