Economic and monetary union

An economic and monetary union is a single market with a common currency. It is to be distinguished from a mere currency union (e.g. the Latin Monetary Union in the 1800s), which does not involve a single market.

Related Topics:
Single market - Currency union - Latin Monetary Union

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

This is the fifth stage of economic integration

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The only economic and monetary union at present is the Eurozone. The Eurozone consists of the European Union member states that have completed the third stage of the EMU and have adopted the Euro.

Related Topics:
Eurozone - European Union - Member states - EMU - Euro

~ ~ ~ ~ ~ ~ ~ ~ ~ ~