Philippines vs Euro area
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Economy power of Philippines & Euro area
World Rank 37
4.1
The nation of the Philippines is located in the western Pacific Ocean and it is considered an archipelagic country. There are more than 7,600 islands owned by the republic. However, in most cases they are divided into three main geographical divisions, namely Luzon, Visayas, and Mindanao. The land coverage of 300,000 square kilometers is relatively low, especially if we take into account its large population. A gigantic number of recognized regional languages (up to 19) makes this place very diverse and, as a result, with two official languages - English and Filippino.
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The euro area (eurozone) is a monetary union of 19 member states of the European Union that have the euro as their primary currency.
List of member states: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
Andorra, Monaco, San Marino, and Vatican City have formal agreements with the EU to use the euro as their official currency.
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