Sir, On the fifth anniversary of European economic and monetary union, Wolfgang Münchau draws a number of useful tactical lessons for those countries in Asia and elsewhere that might be aspiring to ...

(Reuters) -Europe's economic and monetary union, the most visible product of which is the euro, is an unprecedented effort at creating a shared currency backed by its own financial architecture. It is ...

Most economists would argue that monetary integration leads to financial integration; in other words, when a set of countries has a common currency, as in the European Monetary Union (EMU), for ...

There is a common misconception that the eurozone is a monetary union without a political union. In fact, monetary union is possible only because of the substantial integration already achieved among ...

Following years of negotiations involving over a dozen European nations, the Maastricht treaty was signed on February 7, 1992, and established the terms and basic timeline for European Economic and ...

When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. An economist from the Anglosphere is likely to tell you that the euro is structurally flawed and ...

Sources: IMF, African Department database; World Economic Outlook; World Bank World Development Indicators; IMF staff estimates and projections. All projections presented were prepared in February ...

NAIROBI, Kenya - The East African Community [EAC] countries will have to wait till 2031 to have a monetary union, a senior official has announced. The East African Monetary Union (EAMU) task force ...