By the magical powers of the Treaty of Maastricht, it then grew into a large economic and political bloc, making it the largest economic region in the world.

Talk about playing a huge role in international trade and global economic affairs!

Among these EU member states, 20 countries adopted the euro (EUR) as their common currency.

These nations comprise the eurozone, which is also called  “Euroland”.  They have fully implemented the polices of the European Monetary Union (EMU).

Members of this elite club are: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

Aside from adopting a common currency, these nations also share the same monetary policy set by the European Central Bank (ECB).