Economic and monetary union emu in june 1988 the european council confirmed the objective of the progressive realisation of economic and monetary union emu it mandated a committee chaired by jacques delors the then president of the european commission to study and propose concrete stages leading to this union. The economic and monetary union emu is an umbrella term for the group of policies aimed at converging the economies of member states of the european union at three stages the policies cover the 19 eurozone states as well as non euro european union states. Eprs a history of european monetary integration members research service page 3 of 8 ambitious plan which set out a three stage2 process to achieve economic and monetary union within a ten year period. The european monetary union emu is an eu group that established the use of a common currency the in 16 of the eu member countries true t f culture cannot be directly observed we learn about it by observing the social world in which it exists. It proposed the european monetary union which included a number of stages to be followed in order to reach their goal of a single currency the werner report contained a detailed description of the establishment of economic and monetary union in three stages up to 1980
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