The euro area (also known as the eurozone) consists of those European Union countries which have adopted the euro as their currency.
Sharing a single currency means that euro area countries must coordinate their economic and fiscal policies closely – much more so than other EU countries.
Eurogroup President, Jeroen Dijsselbloem, speaking at the Eurogroup press conference in Brussels (21 January 2013)
Euro area members share a single currency. Consequently, they must coordinate their economic policies in order to ensure coherence and stability in the euro area.
European leaders at the European Council meeting on 13-14 December 2012 in Brussels.
Euro Summit meetings bring together the heads of state or government of the EU countries that have adopted the euro as their currency, plus the President of the Euro Summit and the President of the European Commission. The President of the European Central Bank is also invited.
Euro Summit members are also members of the European Council, the regular meetings of leaders from all EU member states.
European leaders at the European Council meeting on 13-14 December 2012 in Brussels.
The Euro Summit was first held in October 2008, providing a forum where euro area leaders could discuss matters of interest to the common currency area.
It complements the European Council, which brings together all EU leaders at least four times a year.