Title: Difference Between Eurozone and EU | Compare the Difference Between Similar Terms
Headings: Difference Between Eurozone and EU
Difference Between Eurozone and EU
Eurozone vs EU
Eurozone
European Union (EU)
Eurozone vs European Union
Summary:

Content: There are a number of benefits in using a common currency for the Eurozone; these include no exchange rate risk, facilitating better trade in terms of imports and exports (which are now the same price to everyone since there is no exchange rate cost) and strengthening of the stability of the currency even in terms of other currencies. The major disadvantage is in having to follow common economic policies that may not be conducive to the very different economic and political conditions prevalent in each country. European Union (EU)
The European Union is made of a number of countries who have come together to form a political and economic entity so that their governments may work together for the benefit of the member countries. There are a number of rules and requirements that must be met in order for countries to be included into the EU, and these member countries receive various benefits in doing so. There are 27 member countries in the EU; however, not all member countries use the Euro as their currency. The main purpose in forming the EU was to facilitate better trade and free movement of goods and services, capital, and other resources among the member countries. As such, these countries follow rules that allow them to follow the same trade policy facilitating better trade within the EU. Eurozone vs European Union
The main similarity between the EU and Eurozone is that both these unions are formed by countries primarily in Europe.