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  • Monetary Union Euro European Union Fifteen Member States United Kingdom Denmark Sweden

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    Lothse
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    The European Economic and Monetary Union (EMU) coordinates economic policy among European Union member states through three stages, culminating in the adoption of the euro as the single currency. Fifteen EU members have adopted the euro as their currency, while the United Kingdom, Denmark and Sweden still use their own currencies. New EU member states are required to commit to adopting the euro within a given time period after joining the EU, and the 10 countries that joined in 2004 intend to adopt the euro in the next ten years depending on their economic situations.

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    The European Economic and Monetary Union (EMU) coordinates economic policy among European Union member states through three stages, culminating in the adoption of the euro as the single currency. Fifteen EU members have adopted the euro as their currency, while the United Kingdom, Denmark and Sweden still use their own currencies. New EU member states are required to commit to adopting the euro within a given time period after joining the EU, and the 10 countries that joined in 2004 intend to adopt the euro in the next ten years depending on their economic situations.

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    10 views1 page

    Monetary Union Euro European Union Fifteen Member States United Kingdom Denmark Sweden

    Uploaded by

    Lothse
    The European Economic and Monetary Union (EMU) coordinates economic policy among European Union member states through three stages, culminating in the adoption of the euro as the single currency. Fifteen EU members have adopted the euro as their currency, while the United Kingdom, Denmark and Sweden still use their own currencies. New EU member states are required to commit to adopting the euro within a given time period after joining the EU, and the 10 countries that joined in 2004 intend to adopt the euro in the next ten years depending on their economic situations.

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    In economics, a monetary union is a situation where several countries have agreed to share a single

    currency amongst themselves. The European Economic and Monetary Union (EMU) consists of
    three stages coordinating economic policy and culminating with the adoption of the euro, the EU's
    single currency. All member states of the European Union are expected to participate in the EMU.
    Fifteen member states of the European Union have entered the third stage and have adopted the
    euro as their currency. The United Kingdom, Denmark and Sweden have not accepted the third
    stage and the three EU members still use their own currency today.

    Under the Copenhagen criteria, it is a condition of entry for states acceding to the EU that they be
    able to fulfil the requirements for monetary union within a given period of time. The 10 new
    countries that acceded to the European Union in 2004 all intend to join third stage of the EMU in
    the next ten years, though the precise timing depends on various economic factors. Similarly, those
    countries who are currently negotiating for entry will also take the euro as their currency in the
    years following their accession.

    http://en.wikipedia.org/wiki/Economic_and_Monetary_Union_of_the_European_Union

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