EMU

Economic and Monetary Union - the name given to the process of harmonising the economic and monetary policies of the Member States of the Union with a view to the introduction of a single currency, the Euro. HM Customs & Revenue Glossary

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EMU EMU [ˈiːmjuː] noun [uncountable] FINANCE COMMERCE BANKING

European Monetary Union or Economic and Monetary Union; the use by many European Union countries of the same currency, the Euro, starting in 1999 for payments between banks and companies and in 2002 for the general public, when coins and banknote S were made available

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   Economic and Monetary Union. The single market within the European Union, which allows free movement of people, goods, capital and services. Stage three of Economic and Monetary Union saw the introduction of a single currency, the euro, in 1999, and the creation of the European Central Bank (ECB).

   ► See also ECB, EU, Euro.

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EMU UK US /ˌiːemˈjuː/ noun [S or U]

► ABBREVIATION for European Monetary Union/ Economic and Monetary Union: the group of countries in Europe who use the same currency (the euro), or the process by which many countries started to use the euro: »

The study examines fiscal rules in the EMU.

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Competitive conditions vary even within the EMU, as wages and inflation rates differ from country to country.

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In the article he analyses how the EMU process has influenced political integration within the European Union.