EMU Countries definition

EMU Countries means, at any time, the countries (if any) then participating in the European Economic and Monetary Union (or any successor union) pursuant to the Treaty on European Union of February 1992 (or any successor treaty), as it may be amended from time to time.

EMU Countries means, at any time, the countries (if any) then participating in the third stage of the European Economic and Monetary Union pursuant to the treaty establishing the European Community, as it may be amended from time to time.

EMU Countries means, at any time, the countries then participating in the European Economic and Monetary Union (or any successor union) that, as of that time, have adopted a single currency pursuant to the Treaty on European Union of February 1992 (or any successor treaty), as it may be amended from time to time.

Examples of EMU Countries in a sentence

• The Waterloo Returns Market and the Student, with Sati Bandyopadhay, Manuscript, December 1997.

• References in this Security to the “euro” shall mean, as of any time, the coin or currency that is then legal tender for the payment of public and private debts in all EMU Countries.

• Spain Portugal Greece Ireland Italy 1999 2012 year CPI Rank 60 80 100 Figure 1.1: Institutional Deterioration from 1999-2012 for selected EMU Countries 20 40 Notes: CPI Rank data from Transparency International.

• Fatas (1996) "EMU: Countries or Regions?", paper presented to the European Economic Association Annual Conference, IstanbulJ.

• The biggest surplus countries are Ger- many, the Netherlands and Luxembourg, whereas the biggest deficit countries are Spain and Italy.700500300100-100-300-5002007200820092010201120122013GermanyGreeceSpainItalyNetherlands Source: Euro Crisis Monitor (2012).Figure 5 Target 2 Net Balances for Selected EMU Countries in Billions Euro In short, cash-flow imbalances within the EMU have not been financed by private capital flows.

• Evolution of Trade Intensity Among EMU Countries, 1950-2005 Source: World Bank Other currency unions have failed in the past because of a lack of either political or economic integration.

• Government Net Lending in EMU Countries (1990–1998) Source: OECD and European Commission The SGP aims to reinforce fiscal discipline once the euro has been adopted: according to it, member states should reach positions close to balance or in surplus over the medium term.

• The failure of the aggregate deficit to decline, despite the efforts to consolidate the budgets,Table 9Financial Balance1 of Public Budget for the EMU Countries 1 As % of gross domestic product; apportionment according to Maastricht Treaty.— 2 Total of countries listed.

• Public Debt in EMU Countries (1996–2004)Public Debt (% of GDP) 1996-2004140 120100 8060 4020 0AustriaBelgiumFinlandFranceGermanyGreeceIrelandItalyNetherlands PortugalNote: Figures for 2003 and 2004 are based on economic forecasts by the European Commission, in spring2003.Source: OECD and European Commission The continual dispute over euro-area fiscal rules illustrates the lack of political agreement among European countries regarding the desirability of those rules.

• Figure 2 Deficits and Primary Surpluses of EMU Countries (1995-2013)b.

More Definitions of EMU Countries

EMU Countries means, at any time, the countries (if any) then participating in the European Economic and Monetary Union (or any successor union) pursuant to the Treaty on European Union of February 1992 (or any successor treaty), as it may be amended from time to time. References in this Security to a particular currency other than U.S. dollars and euros shall mean, as of any time, the coin or currency that is then legal tender for the payment of public and private debts in the country issuing such currency on the Original Issue Date.

EMU Countries means, at any time, the countries (if any) then participating in the European Economic and Monetary Union (or any successor union) pursuant to the Treaty on

EMU Countries means, at any time, the countries then participating in the European Economic and Monetary Union (or any successor union) that, as of that time, have adopted a single currency pursuant to the Treaty on European Union of February 1992 (or any successor treaty), as it may be amended from time to time. References in this Security to a particular currency other than U.S. dollars and euros shall mean, as of any time, the coin or currency that is then legal tender for the payment of public and private debts in the country issuing such currency on the Issue Date. If the Specified Currency for any payment on this Security is other than U.S. dollars, the Issuer has initially appointed the institution named on the face of this Security as Exchange Rate Agent to act as such agent with respect to this Security, but the Issuer may, in its sole discretion, appoint any other institution (including any affiliate of the Issuer) to serve as such agent from time to time. The Issuer will give the Fiscal Agent prompt written notice of any change in any such appointment. Insofar as this Security provides for any such agent to obtain rates, quotes or other data from a bank, dealer or other institution for use in making any determination hereunder, such agent may do so from any institution or institutions of the kind contemplated hereby notwithstanding that any one or more of such institutions are any such agent, affiliates of any such agent or affiliates of the Issuer. All determinations made by the Exchange Rate Agent may be made by such agent in its sole discretion and, absent manifest error, shall be conclusive for all purposes and binding on the holder of this Security and the Issuer. The Exchange Rate Agent shall not have any liability therefor.

EMU Countries means, at any time, the countries (if any) then ------------- participating in the European Economic and Monetary Union (or any successor union) pursuant to the Treaty on European Union of February 1992 (or any successor treaty), as it may be amended from time to time.