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Economic and monetary union

An economic and monetary union is a single market with a common currency. It is to be distinguished from a mere monetary union (e.g. the Latin Monetary Union in the 1800s), which does not involve a single market. The only economic and monetary union at present is the Eurozone.

See Also: Euro, Trade bloc





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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economic and monetary union".