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.”
References:
Articles
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”
新華網〈拉脫維亞有望明年初加入歐元區〉
EU Press Release
“Commission concludes that Latvia is ready to adopt euro in 2014”