|Capital||(*) See Notes at bottom of the table|
|Abbreviation : EMU
Title : Economic and Monetary Union
Aim : to promote a single market by creating a single currency, the euro; timetable - 2 May 1998: European exchange rates fixed for 1 January 1999; 1 January 1999: all banks and stock exchanges begin using euros; 1 January 2002: the euro goes into circulation; 1 July 2002 local currencies no longer accepted.
Established in : 1-2 December 1969 (proposed at summit conference of heads of government; 7 February 1992 (Maastricht Treaty signed)
Notes : an integral part of the European Union; also known as the European Economic and Monetary Union