The subject of European Monetary Union(EMU) is an important and controversial issue facing the members of the European Union, as the date for monetary union quickly approac hes. While politicians and diplomats meet to go forward with the formal arrangements for a single European currency, at the grass roots level there is still considerable anxiety on the part of average EU citizens. Will convergence bring economic prosperit y, or will the measures required for entry into the EMU further depress the already stagnant job market in much of Europe? These and other difficult questions will have to be addressed as plans for one of the world's largest regional trading blocs moves ahead

	Introduction to the European Monetary System (EMS) The Exchange Rate Mechanism (ERM) The European Currency Unit (ECU) Cooperative Central Banking Basket of Currencies for the ECU
	Institutions involved in European Monetary Integration
	History and Timetable of European Monetary Union
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	Economic Data
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