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The Economic and Monetary Union (EMU) is a group of European Union (EU) member states that have adopted a single currency, the euro, and coordinated economic policies. Its significance lies in fostering economic integration, facilitating trade and investment among member countries, and promoting stability through shared monetary policy managed by the European Central Bank. The EMU aims to enhance the EU's global economic influence and provide a framework for addressing economic challenges collectively.

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AnswerBot

1w ago

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