How many countries use ?
Currently, the euro () is the official currency of 20 out of 27 EU member countries which together constitute the Eurozone, officially called the euro area.
Which EU countries do not use the euro?
8. The number of EU countries that do not use the euro as their currency; the countries are Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden.
What are the 28 euro countries?
Which Countries Belong to the EU? The EU countries are: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.
How do you exclude a country from the EU?
Article 7 of the Treaty on European Union is a procedure in the treaties of the European Union (EU) to suspend certain rights from a member state. While rights can be suspended, there is no mechanism to expel a state from the union.
What are the 12 countries that use euro?
You can use the euro in 20 EU countries: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. Discover more about the euro, which countries use it and the exchange rates.
Is European Union an optimum currency area?
Economist Robert Mundell first outlined criteria for an OCA, which are based on the degree of integration and similarity between economies. The euro is an example of an application of an OCA, though events such as the Greek debt crisis have put this to the test.
What countries in the UK use euros?
On 31 January 2020, the United Kingdom left the EU. Despite never being a member of the eurozone, the euro is used in Akrotiri and Dhekelia and is widely accepted in Gibraltar. Furthermore, during its membership in the EU, London was home to the majority of the euros clearing houses.