The Economic and Monetary Union (EMU) refers to the collective framework established among European Union (EU) member states to promote economic integration and foster monetary cooperation
The European Currency Unit (ECU) was a basket currency that served as a precursor to the euro. It was introduced in 1979 as an accounting unit by the European Economic Community (EEC), which later became the European Union (EU)
The European Economic Area (EEA) is an economic agreement that extends the European Union (EU) single market to non-EU member countries
The European Central Bank (ECB) is an independent institution responsible for maintaining price stability and managing the monetary policy of the Eurozone, which consists of 19 European Union (EU) member states that have adopted the euro as their currency
The Schengen Area is a zone in Europe that consists of 26 European countries, where the free movement of people is permitted without the need for passport controls at internal borders
The Council of the European Union, often referred to as the Council, is one of the EU’s primary decision-making bodies. It represents the member states’ governments and is responsible for adopting EU laws, coordinating policies, and ensuring the smooth functioning of the EU
The RBA Annual Report is a detailed account of the RBA’s activities, policies, and economic assessments over the past year
The ECB’s key interest rates are instrumental in shaping monetary policy and have a significant impact on the forex market
The European Commission is one of the key institutions of the EU, responsible for proposing and implementing legislation, enforcing EU treaties, and managing the day-to-day affairs of the Union
Governing councils are typically associated with central banks or other regulatory bodies. These councils consist of a group of individuals who are experts in economics, finance, and monetary policy
The Eurozone refers to a group of European Union (EU) member states that have adopted the euro as their official currency
The European Parliament is one of the main institutions of the European Union (EU). Comprised of elected representatives from EU member states, the European Parliament serves as a forum for democratic decision-making at the EU leve
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Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.