The European Central Bank warned of Latvia, which is a candidate member of the European Zone area to keep long-term rates, where inflation is currently at a low level.
In a progress report on economic and law, 2013, Latvia was in the path to the euro zone members. However, the ECB highlights the sustainability of inflation convergence.
This report will be a major focus at the European Parliament, and euro zone finance ministers decided on July 9, whether Latvia can join the single currency or not.If the decision is positive, Latvia will be a member of the euro zone into 18th on January 1, 2014, following neighboring Estonia joined in 2012.
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In a progress report on economic and law, 2013, Latvia was in the path to the euro zone members. However, the ECB highlights the sustainability of inflation convergence.
This report will be a major focus at the European Parliament, and euro zone finance ministers decided on July 9, whether Latvia can join the single currency or not.If the decision is positive, Latvia will be a member of the euro zone into 18th on January 1, 2014, following neighboring Estonia joined in 2012.
Read more »
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