Economic and Monetary Union of the European Union

Dmitri Dervoed
Wiki
 — Nov 6, 2018
min. read

The Economic and Monetary Union (EMU) is an umbrella term for the group of policies aimed at converging the economies of all members of the European Union at three stages. Both the 17 eurozone states and the 10 non-euro states are EMU members. A Member State however needs to comply and be a part of the “third EMU stage”, before being able to adopt the euro currency; and as such the “third EMU stage” has also become largely synonymous with the eurozone.