Definition of European Monetary Union in English:
European Monetary Union
(also EMU)
proper nounˌjʊərəpiːən ˌmʌnɪtri ˈjuːnjənˌjʊrəˌpiən ˌmənətɛri ˈjuniən
A European Union programme intended to work towards full economic unity in Europe based on the phased introduction of a common currency (the euro). The programme was announced in 1989; the second stage came into effect on 1 January 1994 under the terms of the Maastricht Treaty, and in 2002 the euro replaced the currencies of twelve European Union countries.
Definition of European Monetary Union in US English:
European Monetary Union
(also EMU)
proper nounˌyo͝orəˌpēən ˌmənəterē ˈyo͞onēənˌjʊrəˌpiən ˌmənətɛri ˈjuniən
A European Union program intended to work toward full economic unity in Europe based on the phased introduction of a common currency (originally, the ECU). The program was announced in 1989; the second stage came into effect on January 1, 1994 under the terms of the Maastricht Treaty, and in 2002 the euro replaced the currencies of twelve European Union countries.