单词 | Economic and Monetary Union (EMU) |
释义 | Economic and Monetary Union (EMU) Economic and Monetary Union (EMU) a three-stage process for establishing economic and monetary union in the EUROPEAN COMMU- NITIES, proposed by a committee of the EUROPEAN COUNCIL in 1989 (although a currency 'snake' was a clear precursor). The first stage simply involves the coordination of existing structures and prepara- tion of consequential and necessary amendments to the Treaties. This stage began on 1 July 1990. The next two stages have not been unan- imously taken forward: the establishment of the EURO, the single European currency, and the establishment of a EUROPEAN CENTRAL BANK. |
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