currency union
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currency union
An association of two or more states that introduce a common currency or keep their national currencies in a fixed exchange-rate relationship with one another.
Die Europäische Wirtschafts- und Währungsunion führte zur Einführung des Euro als gemeinsamer Währung.
The European Economic and Monetary Union led to the introduction of the euro as a common currency.
The word is composed of 'die Währung' (currency) and 'die Union' (union). The 's' in between is a linking s that connects the two parts. The meaning is literally a union of states with a common currency.
Die Mitgliedsstaaten bilden eine Währungsunion.
The member states form a currency union.
'Währungsunion' (currency union) is a technical term from the fields of politics and economics. It is often found in the news, specialist texts, and political discussions.
Im Wirtschaftsunterricht haben wir über die Vor- und Nachteile einer Währungsunion gesprochen.
In economics class, we talked about the advantages and disadvantages of a currency union.
Common verbs used in connection with 'Währungsunion' (currency union) are 'eine Währungsunion gründen' (to establish a currency union), 'einer Währungsunion beitreten' (to join a currency union), or 'aus einer Währungsunion austreten' (to leave a currency union).
Einige Ökonomen diskutieren, ob das Land der Währungsunion beitreten sollte.
Some economists are discussing whether the country should join the currency union.