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Euro Adoption: Latvian People Not Convinced at All

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: © Flickr

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…

This article includes a total of 197 words.

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