Thursday, June 6, 2013

Latvia to Become the 18th Member of the Eurozone

LatviaFlagYesterday, the European Commission approved Latvia's application to join the eurozone, making it the 18th Member State to adopt the common currency. The decision must still be approved by the EU Finance Ministers next month, which experts predict will not be a problem.  Assuming the approval is received, Latvia is expected to join the euro in 2014.  For more details, read this report from the EU Observer.


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