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TeachMeFinance.com - explain Economic and Monetary Union (EMU) Economic and Monetary Union (EMU) -- A currency union consisting of most of the members of the European Union, who in January 1999 aligned their monetary policies under the European Central Bank and adopted a common currency, the euro. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.