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European Monetary Union

international organization

Also known as: EMU

Learn about this topic in these articles:

origin of the euro

In euro
…included the creation of an economic and monetary union (EMU). The treaty called for a common unit of exchange, the euro, and set strict criteria for conversion to the euro and participation in the EMU. These requirements included annual budget deficits not exceeding 3 percent of gross domestic product (GDP),…
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