the system used in the European Union for stabilizing exchange rates between the currencies of member states, The aim of the E.M.S. is to stabilize the exchange rates between the currencies of its member, and to introduce a new common or central currency, the ECU., a. Euroopa Majandusühenduse liikmetest moodustatud organisatsioon, mis taotleb Euroopa valuutaühiku kasutamist arveldustes, systeme communautaire visant a établir une coopération monétaire plus étroite aboutissant a une zone de stabilité en Europe