MDA00-221 (23)

MDA00-221 (23) - CONSTRAINED TO COUNTRY VERSUS COUNTRY BUT...

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CONSTRAINED TO COUNTRY VERSUS COUNTRY , BUT REGION VERSUS VICINITY . . T HE EU U NION ( ECU ) IS A UNION OF E UROPEAN NATIONS CREATED AS A UNIFIED ECONOMIC AND EXCHANGE ENTITY A . T HE FOREMOST MOTIVATION FOR THE PRODUCTION OF THE EU IN F EBRUARY USED TO BE TO PERMIT MEMBER NATIONS TO REASSERT THEIR ROLE TOWARDS THE ECONOMIC STRENGTH OF THE US AND J APAN . B. A LL MEMBER STATES OF THE ECU PARTICIPATE IN THE EMU ( FISCAL AND FINANCIAL U NION ). T HE EMU CONSISTS OF THREE PHASES FOR COORDINATING FINANCIAL POLICY . T WELVE MEMBER STATES OF THE EUROPEAN U NION HAVE ENTERED THE 0.33 STAGE OF THE EMU, WHERE PARTICIPATING NATIONS SHARE A SINGLE CURRENCY , THE EURO . C. I N THE ECU DELIVERED NEW MEMBERS (C YPRUS , M ALTA , THE C ZECH R EPUBLIC
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