Latvia: Euro to Be Introduced 2014

Politics ♦ Published: June 4, 2013; 14:13 ♦ (Vindobona)

Latvia will be able introduce the Euro on January 1 2014. According to diplomats, this is what the EU Commission will recommend on Wednesday in Brussels.

Latvia: Euro to Be Introduced 2014 / Picture: ©

The respective rapporteur of the European Parliament Burkhard Balz regards the country as fit for the Euro. Balz told dpa Insight EU he expected the Baltic country to fulfill the Maastricht criteria. The small country with around two million citizens would be the 18th country of the monetary union, which currently encompasses 330m EU citizens. The currency union was about to…