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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 MatchesEuropean Payments UnionEuropean 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. European optionEuropean optionOption that may be exercised only at the expiration date. Related: American option. 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. Central and Eastern European countriesCentral and Eastern European countriesRefers, informally, usually to the former Communist countries of Europe. European CommunityEuropean CommunityThe current community - current members are Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and United Kingdom. Further SuggestionsEuropean Monetary AgreementEuropean terms European, Australia, and Far East index (EAFE index) European Association of Securities Dealers Automated Quotation European Monetary System European Recovery Program European Options Exchange (EOE) European Central Bank (ECB) European Economic Community European Communities European Currency Unit (ECU) Single European Act European style exercise European Free Trade Association European Exercise European Economic Area European Monetary System European Currency Unit European style option New European Exchange (NEWEX) European exchange rate mechanism (ERM) European Association of Securities Dealers Automated Quotation (EASDAQ) Single European Act |
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