noun
European Clearing Union
Historical organization name; refers to the European Clearing Union, a proposed or historical multilateral clearing arrangement in Europe.
欧州決済同盟は、戦後の欧州で構想された多角的決済機構である。
The European Clearing Union was a multilateral clearing mechanism conceived in post-war Europe.
Compound of 欧州 (Europe) + 決済 (settlement, clearing) + 同盟 (union, alliance). The term is a direct translation of 'European Clearing Union'.