Economic and Monetary Union (EMU) | | note | | an integral part of the European Union; also known as the European Economic and Monetary Union | | established | | 1-2 December 1969 (proposed at summit conference of heads of government; 7 February 1992 (Maastricht Treaty signed) | | aim | | to promote a single market by creating a single currency, the euro; timetable - 2 May 1998: European exchange rates fixed for 1 January 1999; 1 January 1999: all banks and stock exchanges begin using euros; 1 January 2002: the euro goes into circulation; 1 July 2002 local currencies no longer accepted | | members | | (15) Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovenia, Spain | | official site or link | | http://europa.eu.int/ | Economic and Monetary Union (EMU) |
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This page was last updated on 11 May, 2008 |
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