Economic and monetary union
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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
References
- Adapted from the Wikipedia article, "Economic_and_monetary_union" http://en.wikipedia.org/wiki/Economic_and_monetary_union, used under the GNU Free Documentation License
