The < a><a href= <a h ref=Eur< a>o>Euro< a>zone><a< a href=""> hre< a>f=Euro> Euro <a< a href="">>zon< a>e<a> is an ec onomi< a href="">c an< a>d monetar y uni on of 19 of th e 28 <a h re< a>f=<a hr ef= Euro>Eur< a>o<a>pean_Union><a hre< a>f=Euro >Euro<a>p ea< a>n Union< a> me mber stat< a>es that ha ve a< a>dopted the <a href=< a href="">Eu< a>ro>euro<a> as < a>their com mon c urren< a href="">cy a< a>nd sole le gal < a>tender. It was esta< a href="">blishe< a>d in 1999 < a href="">and < a>is the sec ond < a>largest monetary un ion < a>in the wo rl d aft er the United State s.
The < a><a href= <a h ref=Eur< a>o>Euro< a>zone><a< a href=""> hre< a>f=Euro> Euro <a< a href="">>zon< a>e<a> is a mon etary< a href=""> uni< a>on of 19 o< a href="">f th< a>e 28 membe r st< a>ates of t he< a> <a href= <a < a>href=Euro>Euro< a>pe an_Un< a href="">ion< a>><a href= Eur o>Euro< a><a>pean Union<a> < a href="">(EU)< a>. The <a h ref= <a =>href=Euro>E< a href="">uro<< a>a>zone ><a =>href=Euro>E< a href="">uro<< a>a>zone<< a>a> was est abli shed in 1999 and is< a href=""> the se cond largest monetary u nion in the w orld, afte< a href="">r th< a>e United S tates.< a> The <a hr< a href="">ef=< a><a href= Eur o>Euro<< a>a>zone>< a hre f=Euro>Euro<< a>a>zone<a> is a single currency a rea, with the <a h ref=Eur< a>o>< a href="">euro< a><a> =>as i ts co mmon curr< a>ency. => The <a h< a>ref=<a href=Eur< a href="">o>E< a>ur o<a>zone< a href="">><a < a>href=Eu ro>E uro<< a href="">a>zo< a>ne<a> is a ma jor econo< a>mic and< a> politica l for ce in the world, an< a href="">d it< a>s members are < a>some of t he mo st adv anced econ< a href="">omie< a>s in the w orld .<br>< a href=""><br>< a>The <a hr ef= <a href=Euro>Euro<a>z one> <a href=Euro>Eur o<a >zone< a href=""><a>< a> is a <a h< a href="">ref=< a>Singl< a>e_Market >single ma< a href="">rket< a><a>, with a c ommon< a href=""> set< a> of rules < a href="">and < a>reg ulat ions gove< a>rning the move ment of goods, serv ices , capital< a>, and p eople< a href="">. Th< a>e <a href= <a< a> href=E uro> Euro<< a href="">a>z< a>one><a h ref= Euro< a href="">>< a>Euro<a>z< a>one<a> i s als o a single monetary pol< a>icy area, with the <a href=Euro>< a href="">Euro< a><a>pean Central Ba nk (< a><a href= ECB >ECB<< a href="">a>)< a> respon< a>sible for sett ing monet< a>ary polic y for the entire <a href< a href="">=<< a>a h< a href="">ref=< a>Euro>E uro<a>zon e><< a>a href= Euro >Euro< a href=""><a>< a>zone<a>.< a> The <a < a href="">href< a>=ECB>E CB<a> is resp< a>onsible f or se tting< a href=""> int< a>erest rat es, m anaging the < a href="">mone< a>y supply, and ensur< a href="">ing < a>price sta bility.<br ><br >The <a href =<< a>a href= Euro >Euro< a href=""><a>< a>zone><a href=Eur< a href="">o>E< a>uro<a>zone<a> i< a href="">s a major trad ing < a>bloc, with its memb< a href="">ers < a>trading w ith e ach other and with ot< a href="">her < a>countries around th< a href="">e wo< a>rld. The < a hr< a>ef=<a h ref =E< a>uro>Euro<a>zone> <a h< a>ref=Euro>Euro<a >zon e<a>< a href=""> is also a m ajor financia< a>l center, with many of its m ember< a href="">s ha< a>ving larg e fin an cial mark< a>ets. The < a hr< a>ef=<a h ref= Euro< a href="">>Eu< a>ro<a>zone><a href< a href="">= Euro< a href="">>Eu< a>ro<a>zone<a> is a< a href="">lso < a>a major po liti cal force< a>, with its membe< a>rs having a st< a>rong influence on t< a href="">he << a>a href=< a hr< a>ef=Euro>Euro<< a>a>pean_Union><a h< a href="">ref=< a>Euro>E uro<a>pea n Un< a>ion<a> and the world< a>.<br><br>The <a hre< a href="">f=< a><a href= Euro >Euro<a< a>>zone><a href =Euro< a>>Euro<a >zone<a> < a href="">has < a>been a maj or s< a>uccess story, with < a href="">its < a>members havi ng a< a>chieved strong econ omic growth and low une< a href="">mplo< a>yment. The < a hr< a>ef=<a h ref= Euro< a href="">>Eu< a>ro<a>zone><a href< a href="">=E< a>uro>Euro <a>zone <a> has also been a major force for < a href="">poli< a>tical and economic < a href="">integr< a>ation in < a hr< a>ef=Euro>Euro<a> pe, < a>with its members ha< a href="">ving< a> a < a href="">stro< a>ng influence on the< a href=""> <a href=<a < a href="">href< a>=Euro> Euro<a>pe an_U ni on>< a href=Euro>Euro <a> pean Unio< a>n<a> and the < a>world. The <a hr< a>ef=<a hr ef=< a>Euro>Euro<a>zon e><a href=Euro>Euro< a>z one<< a href="">a> is a n importa< a>nt part of the< a> global e conomy, an< a href="">d it< a>s members are < a>some of the< a> most adv anced econ< a href="">omie< a>s in the w orld .