Definition of Economic and Monetary Union from the Oxford Advanced Learner's Dictionary


Economic and Monetary Union

; NAmE
(also European Monetary Union) (abbreviation EMU)
jump to other results
the idea that there should be completely free movement of people, goods and money between the countries of the European Union. From 1 January 1993 many controls on the movement of goods and people between the EU countries were removed. There is now a European Central Bank and a single European currency, the euro, was introduced in 2002 in 12 EU countries.

Other results

All matches