Latvia: Fit for the Eurozone

Politics ♦ Published: September 18, 2012; 18:27 ♦ (Vindobona)

According to Latvia´s Central Bank, the country will fulfill the Maastricht criteria by the end of the year.

Latvia: Fit for the Eurozone / Picture: ©

The governor of Latvia´s Central Bank Ilmars Rimsevics, announced that the country will formally fulfill the Maastricht Criteria one year before Latvia becomes a member of the Eurozone. The Baltic country joins the Eurozone in 2014. The neighbor country Estonia became a Eurozone member in 2011. At the moment, Latvia´s inflation rate and the budget deficit are still above the…