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Some countries have chosen to retain their own currencies. Other countries do not yet meet the various economic criteria to join it. Some of these countries may choose to join it in the future.

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Q: Why are some European countries members of the European Econonic Union but not members of the European Monetary Union?
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Where is the European Monetary Fund located?

The European Monetary Cooperation Fund is a fund of the members of the European Exchange Rate Mechanism. However, it is a fund and therefore it has no location.


Can a patent be lodged in the EU to cover all countries?

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Why is the European monetary union a political controversy?

Not all countries in European Union want to be part of it. Some of the members have not joined it and use their own currencies. They do not want to give up their own currency. Only 16 of the 27 members of the European Union use the Euro.


What European Union member states are not members of the European Monetary Union?

All members of the EU are part of the Economic and Monetary Union of the European Union. The EMU aims at converging all the economies of the EU with the use of a universal currency: the Euro.


Is Europe part of European union?

Europe is a continent with over 50 countries. The European Union is an organisation. As of 2013, 28 of the countries in Europe are members of the European Union. Many countries in Europe are not members.


What is the difference between European Community and Europe?

The European Union is an organisation of which 27 independent countries are members. Europe is a continent. It has about 50 countries. The 27 countries that are members of the European Union are countries in Europe.


Which countries are members of the European Monetary Union and use the euro?

The members of Eurozone (the countries that use and print euros) are: Austria,Belgium,Cyprus, Estonia, Finland,France,Germany,Greece,Ireland,Italy,Luxembourg,Malta,Netherlands,Portugal,Slovakia,Slovenia,Spain


How many eastern European countries were members of the eu in 1993?

No Eastern European countries were members of the European Union in 1993. The EU did not expand to the east until 2004 when nine Eastern European countries (with one Western European nation) joined the EU.


How many European countries are members of the European union?

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Does the European Union include any countries from Asia?

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What is the link between the EU and the EUro?

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The European Union consists of all the countries in Europe?

No. Only 27 countries in Europe are members of the European Union. There are about 50 countries in Europe.