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28/06/2004 Estonia, Lithuania and Slovenia join ERM II

3:43

European Monetary Union explained (explainity® explainer video)

3:55

European Monetary Union explained - part 2: pros & cons (explainity® explainer video)

The ERM II, standing for European Exchange Rate Mechanism II is a system introduced by the European Economic Community. Its goal is to improve stability of currencies of EU countries. At certain point, Estonia, Lithuania and Slovenia joined the ERM II in order to prepare for their entry to Eurozone.
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    • Essentials 

    • Intent and operation of the ERM II 

    • Historical exchange-rate regimes for EU members 

    • History of the ERM II