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This document discusses the history and characteristics of the European Economic and Monetary Union (EMU). It outlines the key steps in the development of the EMU, including the creation of the European Monetary System in 1979 and the Maastricht Treaty in 1992 which set criteria for countries to join the eurozone. The EMU brings coordination of economic policies and a single currency but also transfers some national sovereignty over monetary policies. Potential benefits include reduced exchange rate risks a

Author

Belma Milišić

Language

EN