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English definition of “EMU”

EMU

noun [S or U]     /ˌiːemˈjuː/
abbreviation for European Monetary Union/ Economic and Monetary Union: the group of countries in Europe who use the same currency (the euro), or the process by which many countries started to use the euro: The study examines fiscal rules in the EMU. Competitive conditions vary even within the EMU, as wages and inflation rates differ from country to country. In the article he analyses how the EMU process has influenced political integration within the European Union.
(Definition of EMU noun from the Cambridge Business English Dictionary © Cambridge University Press)
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