Economic and monetary union (EMU) is designed to create the foundation for sustainable long-term economic growth by providing macroeconomic stability, while, at the same time, constituting a natural complement to Europe's single market. It involves close co-ordination of economic and fiscal policies and, for those countries fulfilling certain conditions, a single monetary policy and a single currency – the euro. Against the background of the debt crisis, important measures to improve the economic governance in the EU and the euro area in particular have been taken in the last years.
This compilation, issued by the European Commission, brings together core legal texts on the EMU and the euro.
|ISBN 978-92-79-35323-9 (online)|