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Euro zone financials
The euro zone formally referred as the euro area is the common fiscal and monetary union of 17 European Union member states that have accepted euro as common and lone legal tender.
The euro zone is also called as the monetary union and currency bloc. The euro zone at present includes: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Italy, Ireland, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain.
The monetary policy of the euro zone is formulated by the European Central Bank, which is headquartered in Frankfurt, Germany. The European Central Bank is administered by the President and a board which comprises of heads of national central banks.
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