What is the difference between the EU and the EMU?
The EU is the European Union. As of 1 January 2007, there are 27 members of the European union. Growth of the European Union since the Treaty of Rome, 1957 Member State Totals: Year of entry into the EU 1957 1973 1981 1986 1995 2004 2007 Belgium Denmark Greece Portugal Austria Cyprus Bulgaria France United Kingdom Spain Finland Czech Republic Romania Germany Ireland Sweden Estonia Italy Hungary Luxembourg Latvia The Netherlands Lithuania Malta Poland Slovakia Slovenia 6 9 10 12 15 25 27 The EMU is the ‘European Monetary Union’, also known as the ‘Euro Zone’ and ‘Euro Area’. This is a collection of EU Member States and three non-EU countries who use the euro as a single currency. Of the 27 current members of the EU, 16 of them use the euro as their currency, and thus are collectively referred to as the EMU. A country can not issue a Euro unless it is part of the EU. The only exceptions to this are Monaco, San Marino and Vatican City. Andorra, Iceland, Liechtenstein and Norway are in neg
