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Recursion

(56,582 posts)
Wed Jul 15, 2015, 04:59 AM Jul 2015

Quick reminder re Greece: "Eurozone" and "EU" are not the same things

The European Union is composed of 28 states, 19 of them are in the Eurozone. UK and Denmark are not in the Eurozone by law. Sweden in theory is supposed to join the Eurozone, but has consistently refused to. Poland, the Czech Republic, Hungary, Romania, Croatia, and Bulgaria are supposed to enter the Eurozone once they meet certain development targets, but then again at this point they may well not want to either.

Meanwhile, Andorra, Monaco, San Marino, the Holy See, Montenegro, and Kosovo are in the Eurozone but not in the EU. (However, EU membership is required for representation at the European Central Bank.)

Just wanted to point out that these are two different things.

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