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All the European Union states are in the economic union, but not all are in the monetary union. The European Monetary Union (EMU) was launched

All the European Union states are in the economic union, but not all are in the monetary union. The European Monetary Union (EMU) was launched in 1992 to improve economic stability and provide strong and sustainable growth in the region. However, there are costs to any monetary union. The main cost of European Monetary Union is Multiple Choice lessened political integration. increased exchange rate uncertainty. the loss of national monetary and exchange rate policy independence. general decrease in economic efficiency

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