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English definition of “the eurozone”

the eurozone

noun [S]
 
 
(also the euro area) FINANCE, POLITICS
the group of countries in the European Union that use the euro as their currency: Transaction costs of changing one currency into another are now abolished within the eurozone. Eurozone finance ministers are discussing a rescue operation that would offer financial support to some of its fiscally weaker members.
(Definition of the eurozone from the Cambridge Business English Dictionary © Cambridge University Press)
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