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European monetary institute

an organization set up in 1991 to coordinate economic and monetary policy within the European Union: superseded by the European Central Bank in 1998


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  • European-monetary-system

    noun 1. a Common Market program designed to narrow the fluctuation of western European currencies against one another. Abbreviation: EMS. noun 1. 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 […]

  • 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

  • European-parliament

    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

  • European-plan

    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

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