European Monetary Union
European Monetary Union (EMU)
European countries participating in the EMU hand over the conduct of their monetary policy to the European Central Bank and respect guidelines on government spending; they have also adopted the euro as their national currency.
For further information, see the Europa website: .

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • European Monetary Union — noun The adoption of a single currency by all the member states of the European Union • • • Main Entry: ↑European * * * European Monetary Union [European Monetary Union] ; » ↑ …   Useful english dictionary

  • European Monetary Union — ➔ EMU * * * European Monetary Union UK US noun [S or U] ECONOMICS, POLITICS ► EMU(Cf. ↑EMU) …   Financial and business terms

  • European Monetary Union — n. a union of those 12 members of the European Union that use the euro as their only legal currency * * * See also Economic and Monetary Union. * * * …   Universalium

  • European Monetary Union — n. a union of those 12 members of the European Union that use the euro as their only legal currency …   English World dictionary

  • European monetary union — financial alliance among certain European countries …   English contemporary dictionary

  • European Monetary Union — Eu′ropean Mon′etary Un ion n. num 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,… …   From formal English to slang

  • European Monetary Union — /ˌjυərəpi:ən m nɪt(ə)ri ju:njən/ noun the process by which some of the member states of the EU joined together to adopt the euro as their common currency on 1st January 1999. Abbreviation EMU …   Dictionary of banking and finance

  • Committee for the Creation of European Monetary Union —   An interest group of politicians, financiers and industrialists established in 1988 to argue the case for full Economic and Monetary Union (EMU) …   Glossary of the European Union and European Communities

  • European Monetary System — (EMS) a European monetary unit, an exchange rate intervention mechanism and a transfer mechanism established in 1978 under the law of the European Communities. It is this system that established the European Currency Unit (ECU), a currency used… …   Law dictionary

  • European Monetary System — EMS A system of exchange rate stabilization involving the countries of the European Union, which began operations in 1979. There were two elements: the Exchange Rate Mechanism (ERM), under which participating countries committed themselves to… …   Accounting dictionary

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