“‘Yes we are joining the euro as of January 1 next year,’ said Prime Minister Valdis Dombrovskis, adding that it was ‘good news not only for Latvia but also for Europe and the eurozone.’ Asked whether he had any qualms about joining the single currency at such a difficult time, Vilks acknowledged that ‘those hard times will last several years at least’. ‘We trust Europe and we trust the euro,’ he said later, adding that he hoped Latvia would prove to be one of the ‘best performers’ in the single currency zone. Latvia has been the EU’s fastest-growing economy, having posted GDP growth of more than five percent year-on-year in both 2011 and 2012.”
http://www.rawstory.com/rs/2013/07/09/european-union-gives-latvia-final-ok-to-join/
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