European Monetary Union


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Related to European Monetary Union: European Monetary System, European Union, European Central Bank

European Monetary Union

n
(Currencies) the agreement between members of the European Union to establish a common currency. The current participating members are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. Abbreviation: EMU

Eu′ropean Mon′etary Un`ion


n.
an agreement by which most countries of W Europe pooled currency reserves in order to trade their currencies at a fixed rate in preparation for the introduction of the euro on January 1, 1999: signed by Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain.
Translations
Europäische Währungsunion
References in periodicals archive ?
Their topics include issues facing the global economy; internal and international aspects of the euro; the future of the European Monetary Union, the euro, and international finance; the role of gold in the international monetary system; the necessity, timing and future directions in fundamental reform of the international monetary system; and lessons from Europe and Asia on choosing exchange rate regimes.
In the first years following the 1992 Maastricht Treaty, analyses assumed countries outside the European Monetary Union would shift dollars into euros, thus leading to an appreciation of the euro and a depreciation of the dollar.
Scholars of economics, politics, and environmental science explore eastern versus southern peripherality as an important issue for the European Union and European Monetary Union.
Mr Six said: "In short, the sky hasn't fallen on either side of the Channel, contrary to concerns that the UK would soon fall into recession, precipitating a marked slowdown in the rest of the European Monetary Union.
Members of the European Monetary Union cannot print more Euros or improve competitiveness by depreciating the common currency.
The late Nicholas Ridley, the Secretary of State for Industry in Margaret Thatcher's last administration, famously described the move towards European monetary union as ".

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