a Common Market program designed to narrow the fluctuation of western European currencies against one another.
the system used in the European Union for stabilizing exchange rates between the currencies of member states and financing the balance-of-payments support mechanism. The original Exchange Rate Mechanism was formed in 1979 but superseded in 1999 when the euro was adopted as official currency of 11 EU member states. A new exchange rate mechanism (ERM II) based on the euro is used to regulate the currencies of participating states that have not adopted the euro EMS
- European monetary union
noun 1. the agreement between members of the European Union to establish a common currency. The current participating members are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain EMU
noun 1. a deliberative and legislative assembly of the European Community that advises member nations on policy matters. noun 1. the assembly of the European Union in Strasbourg. It consists of 626 directly elected members and its role is largely advisory
noun 1. (in hotels) a system of paying a fixed rate that covers lodging and service but not meals. Abbreviation: EP. noun 1. (US) a hotel rate of charging covering room and service but not meals Compare American plan
noun 1. an erect, shrubby plant, Rubus idaeus, of Eurasia, having conical or thimble-shaped red fruit.