European Monetary Union
European Monetary Union (EMU) Proposed union of European Union (EU) member states who will share common economic policies and a common currency. Member states who meet certain economic criteria will relinquish control of their own money supplies to a European Central Bank, which would take increasing responsibility for the regulation of the money supply. Exchange rates would become fixed and a single European currency, the Euro, created. The “first wave” of the Union is planned for 1999, when international financial transactions will be calculated in Euros. The “second wave”, in 2002, will involve the introduction of Euros to the public and its use as an alternative to national currencies. Not all EU member states will join the EMU. Some will be unable to meet the strict economic criteria; for others, such as the UK, the choice to enter or not is a political issue.
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Euro , Euro
FUNCTIONING RULES
THE ECONOMIC RATIONALE
A BRIEF HISTORY OF THE ROAD
TO THE EURO
THE LAST STEPS: FROM THE ECU
TO THE EURO
BIBLIOGRAPHY
The euro… European Economic Area , European Economic Area (EEA) Economic union agreed (1992) between the 12 members of the European Community (EC) and six of the seven members (Switzer… Jacques Delors , Jacques Delors
The French president of the European Commission, Jacques Delors (born 1925) was former minister for the economy and finance of France.… European toad , Bufo bufo (common toad, European toad) See BUFONIDAE.
European toad (Bufo bufo) See BUFONIDAE. European Community , European Community (EC) Historical organization of Western European countries dedicated to closer economic and political cooperation in Europe. In 19… Landrum-griffin Act , Landrum-Griffin Act
The Labor-Management Reporting and Disclosure Act of 1959 (29 U.S.C.A. § 401 et seq.), commonly known as the Landrum-Griffin Act,…
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NEARBY TERMS
European Monetary Union