Eurozone Fast Facts

(CNN)Here's a look at the eurozone. Nineteen countries in the European Union use the euro as their currency, and comprise the eurozone.


The countries in the eurozone as of 2020 are: Austria , Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Portugal, Slovakia, Slovenia and Spain.
    January 1, 1999 - The euro is introduced.
      The European Union's Maastricht Treaty "convergence criteria," or requirements for a member country to use the euro as currency:
      - Annual budget deficits must not exceed 3% of gross domestic product.
      - Public debt must be under 60% of gross domestic product.
      - The country must have exchange rate stability.
      - Inflation rates must be within 1.5% of the three EU countries with the lowest rate.
      - Long-term interest rates must be within 2% of the three lowest interest rates in the EU.
      Denmark doesn't use the euro, and is not required to be a part of the eurozone.
      Sweden does not belong to the eurozone but must join in the future, according to the terms of the treaty.
      Bulgaria, Czech Republic, Hungary, Poland, Croatia and Romania belong to the EU, but do not currently meet the criteria for joining the eurozone.


      February 1992 - The Maastricht Treaty (officially - The Treaty on Euro