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European Central Bank


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(ECB)

A central bank of the European Union to which member states who have adopted European Monetary Union (EMU) are committed by the Maastricht Treaty. The ECB was set up in 1998 and became active in 1999, as the governor of economic and monetary policy throughout the Union. It works closely with the central banks of the states participating in EMU.

Subjects: Law — Business and Management.


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