EMU /ˌiː em ˈjuː, ˈiːmjuː/ BrE AmE abbreviation for
Economic and Monetary Union; a single economic system and a single ↑ currency (=type of money) for all the members of the ↑ EU . Since the late 1990's, many EU countries, including France and Germany, have introduced a single currency, the Euro. There is a lot of discussion in the UK about whether the UK should join the system or keep its own currency, the pound. ⇨ ↑ Maastricht