To be a member of the eurozone or euro area a nation must be trading the currency known as the Euro and to trade the Euro a country must be a member of the European Union but not all members of the EU currently trade the Euro and some countries that are not in the EU do trade to Euro.
It's a complicated matter.
The current seventeen nations of the euro area are listed here.
- Belgium
- Germany
- Ireland
- Greece
- Spain
- Portugal
- France
- Finland
- Italy
- Luxemberg
- Netherlands
- Cyprus
- Austria
- Malta
- Slovania
- Slovakia
- Estonia - transitioning from ERM II nation trading the Estii Kroon to trading the Euro in January 2011
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