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eurozone
(redirected from Eurogroup)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

eurozone

Collective term for those European countries which have adopted the euro, the single currency of the European Union. By January 2008 there were 15 countries: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Republic of Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovenia, and Spain.



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Eurogroup chief Jean-Claude Juncker warned last month that "if the euro's direction were to continue to move along the lines of recent weeks, there is a risk.
Eurogroup chief Jean-Claude Juncker warned last month that "if the euro's direction were to continue to move along the lines of recent weeks, there is a risk.
Spanish finance minister Elena Salgado, standing in for eurogroup chief Jean-Claude Juncker, said the idea was like an environmental tax "where the polluter has to pay" and a "kind of insurance" against future systemic failure.
 
 
 
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