Euro Adoption: Latvian People Not Convinced at All

Politics ♦ Published: February 16, 2013; 18:48 ♦ (Vindobona)

Latvia´s government is proud of its austerity course of the last years. According to Prime Minister Valdis Dombrovskis, the country is ready for the euro.

Euro Adoption: Latvian People Not Convinced at All / Picture: © Vindobona.org

In 2014, Latvia is expected to become the 18th member of the Eurozone. Since September 2012, the country fulfills the euro adoption criteria, Dombrovkis says. However, the Latvians do not want to join the Eurozone. For them, fulfilling the Maastricht Criteria has caused highly unpopular and hard austerity measures. In 2009, Latvia´s economy has collapsed. The GDP was down by…

or Log In

Fast News Search
Related News
Economic Growth: Baltic Countries Ahead (February 14, 2013)
„Whatever Happens to the Euro, Happens to Our Currency“ (January 30, 2013)
Bank Austria Centralizes Operations in Baltic Countries (January 29, 2013)
S&P Upgrades Latvia (November 15, 2012)
Latvian Government Intends to Join the Eurozone in 2014 (September 26, 2012)
Read More
Latvia, Monetary Policy, Valdis Dombrovskis, Inflation, Austerity, Fiscal Policy, GDP Gross Domestic Product, Economic Growth, Budget Deficit, Public Debt
Featured
See latest Vindobona Newsletter