the European Monetary System
/ðə ˌjʊərəpiːən ˈmʌnɪtri sɪstəm/
/ðə ˌjʊrəpiːən ˈmɑːnɪteri sɪstəm/
(abbreviation the EMS)
- a system, started in 1979, to help the member countries of the European Union to keep a steady economic balance in Europe before the introduction of the ERM
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the European Monetary System