European Central Bank (ECB)

The Central Bank for the new European Monetary Union.

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European Union (EU)
The European Union (EU) is a union of twenty-five independent states based on the European Communities and founded to enhance political, economic and social co-operation. The union was formerly known as the European Community (EC) and European Economic Community (EEC).

The common currency in the EU is the euro (EUR. Still, some countries have chosen to stay outside the European Monetary Union.

At the moment, the 25 member states are:
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A way of transferring knowledge that is complex or embedded I a complex set of technological and/or organizational circumstances and thus difficult or impossible to transfer in a classroom setting. May motivate knowledge acquisition joint ventures.

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