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QUESTION
350 words As of 2016, the European Union (EU) was comprised of 28 countries. The Euro Zone (EZ) is comprised countries that agree to use the Euro...
350 words
As of 2016, the European Union (EU) was comprised of 28 countries. The Euro Zone (EZ) is comprised countries that agree to use the Euro currency as their national currency. Nineteen EU countries belong to the EZ. The UK and Sweden are particularly noteworthy as affluent, industrialized countries that opted not to join the EZ. What are the advantages and disadvantages for a union of distinct countries to adopt a single currency, as is the case with the EZ?
