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What does EERM stand for?

EERM stands for European Exchange Rate Mechanism

This definition appears rarely and is found in the following Acronym Finder categories:

  • Military and Government
  • Business, finance, etc.

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We have 1 other meaning of EERM in our Acronym Attic

Samples in periodicals archive:

Oh by the way it was called Black Wednesday and it caused Britain to withdraw from the European Exchange Rate Mechanism at a cost of PS3.
Clarke is no stranger to financial crises: he became chancellor in 1993 after so-called Black Wednesday, when the British currency was forced out of the European Exchange Rate Mechanism.
In fact, some had moved away from the German mark peg following the European Exchange Rate Mechanism (ERM) crisis in 1992-93 and allowed limited or full flexibility to their exchange rates before adopting a common currency.
BRITAIN faced economic turmoil on this day in 1992 when the Conservative government suspended Britain's membership of the European Exchange Rate Mechanism.
This was somewhat hypocritical as the "bust" they were referring to was Britain's exit from the European Exchange Rate Mechanism in September 1992, conveniently forgetting that it was Gordon Brown, when in opposition, who encouraged the Conservative Government to enter the mechanism in the first place.