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Latvia’s Euro path shows allure of crisis-hit currency, for some

Posted on 05 June 2013

Five countries on emergency aid, six consecutive quarters of economic contraction and 19 million people out of work haven’t dimmed the euro’s allure for small states that, like Latvia, have nowhere else to turn.
Latvia is expecting today to be put on the path to becoming the 18th country to use the euro at the start of 2014, binding it deeper into the western European economy and providing an extra layer of insulation against Russia, its former imperial overlord………………………………………..Full Article: Source


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