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Eurozone

Eurozone

35 3.9
A group of European Union countries that use the euro as their money
  • proper noun
  • /ˈjʊəroʊzoʊn/
: zona del euro
  • The situation in the Eurozone started with the sovereign debt crisis.
  • Eurozone countries
  • leave the Eurozone
  • Eurozone crisis

First, the problems in the Eurozone are driving fundamental change in Europe.

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Examples

  • The economies within the eurozone have given up their national currencies.

    Academic text (2011)
  • Yet there is no mechanism by which the EU, or even the Eurozone, can act as one.

    Academic text (2008)
  • Looking ahead, the eurozone is likely to continue with almost all its current members.

    Academic text (2012)
  • First, the problems in the Eurozone are driving fundamental change in Europe.

  • But they gave up that option when they joined the eurozone.

    Academic text (2012)
  • The latter problem has been evident in the Eurozone financial crisis.

    Academic text (2014)
  • The alternative is for Greece to leave the eurozone and return to its own currency.

    Academic text (2012)
  • The Europeans, despite their success in creating the Eurozone, were unable to unite at the international level.

    Academic text (2008)
  • The austerity stemming from the ongoing debt crisis in the Eurozone has only made matters worse.

    Academic text (2012)
  • Economic growth in the 19 nations that make up the Eurozone slowed in the second quarter.

Surface Forms

Eurozone main

Morphology

Eurozone = euro + zone (transparent) = euro + zone

A clear compound of 'euro' + 'zone'; learners can readily infer it refers to the area using the euro.

Etymology

Eurozone is made from euro (the shared money named for Europe) and zone (an 'area'), so it literally means the 'area' where countries use the 'euro'.