6 June 2013: Latvia approved to enter Eurozone in 2014 


Latvia is going to be the 18th member of the eurozone after the European Commission gave it the green light on 5 June 2013. Latvia, although being one of the poorest nations in the EU, “has achieved a high degree of sustainable economic convergence with the euro area.” as the report said.

Olli Rehn, Commission Vice-President responsible for Economic and Monetary Affairs and the Euro pointed out that “Latvia’s desire to adopt the euro is a sign of confidence in our common currency and further evidence that those who predicted the disintegration of the euro area were wrong.”



EUobserver “EU commission says Yes to Latvia euro entry”
Presseurop “Poor but stable, Latvia looks set to join the club” 
BBC “Latvia to become 18th eurozone member from 2014”

EU Press Release

“Commission concludes that Latvia is ready to adopt euro in 2014”