Social Sciences
4 years ago

European Union Establishes Economic Policy Coordination for Monetary Union Success

Oxford University Press eBooks
Economic Policy Coordination: Foundations, Structures, and Objectives
Jean-Paul Keppenne

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The European Union aims to establish an economic and monetary union with the euro as its currency. This union, known as the Economic Monetary Union (EMU), was created in 1992. The core rules for coordinating economic policies within the EU are outlined in the Treaty on the Functioning of the European Union. This coordination follows the 'Community method' in this area.