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Latvia to become 18th eurozone member from 2014

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  • Latvia to become 18th eurozone member from 2014

    http://www.bbc.co.uk/news/business-22781146

    Latvia will become the 18th country to use the euro after being approved for membership by the European Commission.
    In a report, the Commission confirmed that the Baltic state had met the criteria for joining the single currency.
    Latvia is keen to strengthen ties with western Europe and reduce its dependency on Russia.
    Officials said the eurozone had defied those who predicted it would collapse under the sovereign debt crisis.

  • #2
    Re: Latvia to become 18th eurozone member from 2014

    well collectively, the eurozone holds about 10 000 tonnes of gold. If we're truly moving into a new gold-based monetary system, Latvia may as well hitch a ride in the best way they can. Sitting in the euro isn't all that bad if you have the export market to take advantage of it within the union itself. The question is, do they have that export market?


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    • #3
      Re: Latvia to become 18th eurozone member from 2014

      No clue, verdo mah man!

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