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European Payments Union |
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European Payments UnionAn international arrangement for settling payments among member countries in Europe during a period in which many of the countries' currencies were not convertible. The EPU functioned from 1950 to 1958, after which it was replaced by the EMA.Similar MatchesSingle European ActSingle European ActAct intended to eliminate barriers on trade and capital flows between and among European countries. European Options Exchange (EOE)European Options Exchange (EOE)Now AEX-Optiebeurs. See: Amsterdam Exchanges (AEX). European CommunitiesEuropean CommunitiesThe name adopted in 1967 by the European Economic Community when it merged with the ECSC and Euratom. This name and the acronym EC was used until 1992 when it was replaced by European Union. European Monetary System (EMS)European Monetary System (EMS)A system adopted by European Community members with the aim of promoting stability by limiting exchange-rate fluctuations. The system was originated in 1979 by the nine members of the European Community (EC). The EMS comprised three principal elements: the European Currency Unit (ECU), the monetary unit used in EC transactions; the Exchange Rate Mechanism, ERM, whereby those member states taking part agreed to maintain currency fluctuations within certain agreed limits; and the European Monetary Cooperation Fund, which issues the ECU and oversees the ERM. The 1992 Maastricht Treaty provided for the move to Economic and Monetary Union (EMU) , including a European Monetary Institute to coordinate the economic and monetary policy of the EU, a European Central Bank (ECB) to govern these policies, and the presentation of a single European currency. European Economic CommunityEuropean Economic CommunityThe original economic community set up in 1957 by the 6 founder members ( France, West Germany, Belgium, Luxembourg, Holland and Italy) and more commonly known as the Common Market. The Community is currently known as the European Community. Further SuggestionsEuropean CommunityEuropean Monetary System European Recovery Program New European Exchange (NEWEX) European Monetary Agreement European Exercise European exchange rate mechanism (ERM) Central and Eastern European countries European, Australia, and Far East index (EAFE index) European Monetary System European Free Trade Association European Central Bank (ECB) European Economic Area European Currency Unit (ECU) European terms European Currency Unit European Association of Securities Dealers Automated Quotation (EASDAQ) European style exercise Single European Act European style option European Union (EU) European option European Association of Securities Dealers Automated Quotation |
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