Why did Switzerland not join the euro zone?

Member States of the European Union

Since the founding of the European Coal and Steel Community (ECSC) by the 6 founding members in 1951, the European Union enlarged several times. After the UK leaves, 27 countries are members of the European Union.

EU member states in alphabetical order

The EU member states are:

  • Belgium since 1952
  • Bulgaria since 2007
  • Denmark since 1973
  • Germany since 1952
  • Estonia since 2004
  • Finland since 1995
  • France since 1952
  • Greece since 1981
  • Ireland since 1973
  • Italy since 1952
  • Croatia since 2013
  • Latvia since 2004
  • Lithuania since 2004
  • Luxembourg since 1952
  • Malta since 2004
  • Netherlands since 1952
  • Austria since 1995
  • Poland since 2004
  • Portugal since 1986
  • Romania since 2007
  • Sweden since 1995
  • Slovakia since 2004
  • Slovenia since 2004
  • Spain since 1986
  • Czech Republic since 2004
  • Hungary since 2004
  • Cyprus since 2004

Former EU member state:

  • United Kingdom (from 1973 to January 31, 2020)

Future developments

With Croatia's accession to the EU, enlargement is not yet complete. The Union is currently holding intensive talks with potential candidate countries.

With the followingStates become Negotiations are currently under way led to the European Union:

  • Montenegro
  • Serbia
  • Turkey

Iceland: On March 12, 2015, the Icelandic government officially withdrew its application to join the European Union.

In addition, the following states are Candidates for membership without ongoing negotiations:

  • Albania
  • The former Yugoslav Republic of Macedonia

As potential candidate countries the European Union currently considers the following countries:

  • Bosnia and Herzegovina
  • Kosovo

States with a special relationship to the EU

The European Union also has special relationships with several European countries. Some of these non-EU member states have adopted the euro as their currency.
States with a special relationship are:

 

Schengen agreement

European single market

Euro zone

Andorra

Yes

No

Yes

Liechtenstein

Yes*

Yes

No

Monaco

Yes*

No

Yes

San Marino

Yes*

No

Yes

Switzerland

Yes

No

No

Vatican state

Yes*

No

Yes

* Bilateral agreements with the neighboring country

Related Links

"Future Europe" platform - country information (→ BKA)

Last updated: March 25, 2021

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