The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> is an economic and monetary union of 19 of the 28 <a href='/<a href='/Euro'>Euro</a>pean_Union'><a href='/Euro'>Euro</a>pean Union</a> member states that have adopted the <a href='/Euro'>euro</a> as their common currency and sole legal tender. It was established in 1999 and is the second largest monetary union in the world after the United States.
The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> is a monetary union of 19 of the 28 member states of the <a href='/<a href='/Euro'>Euro</a>pean_Union'><a href='/Euro'>Euro</a>pean Union</a> (EU). The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> was established in 1999 and is the second largest monetary union in the world, after the United States. The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> is a single currency area, with the <a href='/Euro'>euro</a> as its common currency. The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> is a major economic and political force in the world, and its members are some of the most advanced economies in the world.<br><br>The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> is a <a href='/Single_Market'>single market</a>, with a common set of rules and regulations governing the movement of goods, services, capital, and people. The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> is also a single monetary policy area, with the <a href='/Euro'>Euro</a>pean Central Bank (<a href='/ECB'>ECB</a>) responsible for setting monetary policy for the entire <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a>. The <a href='/ECB'>ECB</a> is responsible for setting interest rates, managing the money supply, and ensuring price stability.<br><br>The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> is a major trading bloc, with its members trading with each other and with other countries around the world. The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> is also a major financial center, with many of its members having large financial markets. The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> is also a major political force, with its members having a strong influence on the <a href='/<a href='/Euro'>Euro</a>pean_Union'><a href='/Euro'>Euro</a>pean Union</a> and the world.<br><br>The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> has been a major success story, with its members having achieved strong economic growth and low unemployment. The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> has also been a major force for political and economic integration in <a href='/Euro'>Euro</a>pe, with its members having a strong influence on the <a href='/<a href='/Euro'>Euro</a>pean_Union'><a href='/Euro'>Euro</a>pean Union</a> and the world. The <a href='/<a href='/Euro'>Euro</a>zone'><a href='/Euro'>Euro</a>zone</a> is an important part of the global economy, and its members are some of the most advanced economies in the world.