The Eurozone is a group of European Union countries that have adopted the Euro as their official currency. This monetary union allows for easier trade and economic stability among member nations, which include countries like Germany, France, and Italy. The Eurozone aims to promote economic integration and cooperation among its members.
Established in 1999, the Eurozone has faced various challenges, including economic disparities and financial crises. However, it remains a significant player in the global economy, influencing monetary policy and international trade. The European Central Bank (ECB) plays a crucial role in managing the Euro and ensuring economic stability within the zone.