European Recovery Program


 

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European Recovery Program

See Marshall Plan.



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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 Community

European Community

The current community - current members are Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and United Kingdom.


Single European Act

Single European Act

Treaty, signed in Luxembourg and The Hague and entering into force 1 July 1987, completing the Single Market. See Europe 1992.


European, Australia, and Far East index (EAFE index)

European, Australia, and Far East index (EAFE index)

Stock index, computed by Stock index.


European Association of Securities Dealers Automated Quotation

European Association of Securities Dealers Automated Quotation

EASDAQ was set up in 1996 as a pan-European stock market for technology and growth stocks. It now has about 60 companies listed with an average market capitalisation of £350m.UK investors can buy shares in companies listed on EASDAQ through a registered European broker. They are listed on the EASDAQ website - http://www.easdaq.com.


Further Suggestions

European Union (EU)
European Association of Securities Dealers Automated Quotation (EASDAQ)
Single European Act
Central and Eastern European countries
European Economic Community
European Communities
European Central Bank (ECB)
European Monetary System
European style option
European Options Exchange (EOE)
European option
European Exercise
European Currency Unit (ECU)
European Payments Union
New European Exchange (NEWEX)
European Monetary Agreement
European Economic Area
European Free Trade Association
European exchange rate mechanism (ERM)
European style exercise
European Monetary System
European Currency Unit
European terms


 
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