Economic and Monetary Union (EMU)

The Economic and Monetary Union (EMU) is a group of European Union (EU) countries that share a common currency, the euro, and coordinate their economic policies. It aims to foster economic stability and integration among member states. The EMU includes measures for maintaining price stability, supporting economic growth, and improving coordination on fiscal policies. Essentially, it helps countries work together to enhance their economies while using the same currency, simplifying trade and travel within the Eurozone, and lowering exchange rate risks for businesses and consumers.