EMU
n. uncountablen. Stands for Economic and Monetary Union. A group of countries in the European Union that share the same economy and use the same money, the euro.
n. Abbreviation for Economic and Monetary Union. A framework for coordinating economic and fiscal policies across European Union member states, specifically those that have adopted the euro as their sole legal tender.
The country joined the EMU to stabilize its currency.
Membership in the EMU requires states to meet strict criteria regarding debt levels and inflation rates to ensure regional stability.
Economists often debate whether the EMU can remain sustainable in the long term without a more centralized fiscal authority to complement its unified monetary policy.
Usually used with the definite article 'the'.