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European Union (EU) |
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European Union (EU)An economic association of European countries founded by the Treaty of Rome in 1957 as a common market for six nations. It was known as the European Community until January 1, 1994 and currently comprises 15 European countries. Its goals are a single market for goods and services without any economic barriers, and a common currency with one monetary authority.European Union (EU) Similar MatchesNew European Exchange (NEWEX)New European Exchange (NEWEX)A trading market for Central and East Eurpoean securities established by the Deutsche Börse (German Stock Market) and the Wiener Börse (Austrian Stock Market) in 2000. European Currency UnitEuropean Currency UnitA weighted average of European Community currencies with weighting tending to be proportional to a country's economy. The ecu has been superseded by the euro. 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. Central and Eastern European countriesCentral and Eastern European countriesRefers, informally, usually to the former Communist countries of Europe. European Monetary SystemEuropean Monetary SystemThe monetary system of the EC which attempts to reduce the currency variations between members. The EMS became operational on March 13th, 1979, as the successor to the 'snake in a tunnel'. Its aim was to create a zone of monetary stability in Europe. Its general principles were outlined at the Bremen Summit in July 1978, and the system was presented in detail at the Brussels Summit in December. The EMS consists of three mechanisms: the ERM; accounting and transaction mechanisms related to the ECU; and credit mechanisms to enable central banksı intervention in the currency markets. All the European Community countries belong to the EMS, although not all of them participate in the ERM. Further SuggestionsEuropean Free Trade AssociationEuropean Central Bank (ECB) European style option European exchange rate mechanism (ERM) European terms European Association of Securities Dealers Automated Quotation (EASDAQ) European Economic Area European Association of Securities Dealers Automated Quotation European Community European option European Recovery Program Single European Act European Options Exchange (EOE) European Monetary System European Payments Union European Exercise European Currency Unit (ECU) European style exercise European Communities Single European Act European, Australia, and Far East index (EAFE index) European Monetary System (EMS) European Monetary Agreement |
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