EMU
(redirected from European Monetary Union)Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.
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The rates assigned are then used to compute the conversion in accordance with Triangulation, the method of conversion recommended by the European Monetary Union (EMU).
In 2001, when Greece entered the European Monetary Union it could now borrow long term funds at roughly the same rate as the Germans.
The European Monetary Union established rules that tried to avoid levels of sovereign indebtedness, which threatened a debtor crisis.
Merkel added that important topics are on the agenda of the two-day EU summit that are also about jobs for the future, digital economy, for banking union and European Monetary Union.
However, given the fragile state of the European monetary union and the euro, a move towards fiscal integration may be the last thing that the European Union needs.
He said: "The very nature of the EU, and of this country's relationship with it, has fundamentally changed after the European monetary union and the creation of the eurozone, of which - quite rightly - we are not a part.
presents an account of the origins and development of the European Monetary Union.
According to the European Central Bank (ECB) vice president, Vitor Constancio, a proposed banking union would serve to solve some faults of the European Monetary Union.
Summary: The idea of a joint GCC currency now looks even more fraught amid the disastrous backdrop of the European Monetary Union, but all is not lost.
After previously hoping to join the European Monetary Union by 2014, finance minister Andris Vilks told Latvian Television on Wednesday that the country wouldn't join until the debt crisis abates and the euro zone's membership no longer in flux.
Tory Lord Lawson told the House of Lords: "There is a heavy cost in the course that I am suggesting, but the European monetary union is a doomsday machine.
Schwartz answered that the "planners of a European monetary union would be well advised to study the reasons the pre-World War I gold standard was a successful monetary regime, why the Genoa Economic Conference of 1922 and the London Economic Conference of 1933 failed, why the interwar gold standards collapsed, why Bretton Woods did not survive inflation in the center country (USA), and why the exchange rate mechanism has been on the ropes since 1992.
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