Welcome to the Eurozone, Latvia!

4MP859 Digital CameraMany people around the world have a negative perception of the eurozone these days. Recession and record unemployment of member states has led to the common view that the euro will soon fall apart. And yet, it still has not done so. Nor will it do so any time soon. On the opposite, there are European Union (EU) countries which want to join the single currency and by that strengthen European integration. Among them is Latvia, where the government worked hard to prepare the country for euro membership. One week ago, EU finance ministers approved Latvia as the 18th member of the euro zone. Therefore, Latvia will adopt the euro from the beginning of 2014.

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