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European Monetary Union (EMU)

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Description

The group of policies aimed at converging the economies of EU member states and introducing a single currency, the Euro.

The European Monetary Union (EMU) is an initiative to unify the economies of EU member states, culminating in the adoption of the Euro as a single currency. It involves coordination in fiscal and monetary policies to ensure economic stability and growth across the region. The EMU has shaped the economic landscape of Europe, affecting everything from trade to investment strategies.

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