Legal News

Latvia Joins the Eurozone
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

One of the least densely populated countries of the European Union; Latvia is a country in the Baltic region of Northern Europe. There celebrations in the capital Riga after midnight. The sky bright with fireworks, the Prime Minister Valdis Dombrovskis, after symbolically withdrawing a 10-euro note, stated that “It’s a big opportunity for Latvia’s economic development.”

Latvia has started the New Year by joining the Eurozone and by becoming the 18th member of the group of EU states which uses the euro as its currency. The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. The government and most business owners welcomed the new single currency, saying it would improve Latvia’s credit rating and attract foreign business. Opinion polls, however suggested almost 60% of the population did not favor the new currency.

  
What
Where


Latvia joins Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The currency is also used in a further five European countries and used daily by some 334 million Europeans as of 2013. All nations that have joined the EU since 1993 have pledged to adopt the euro in due course. The euro has the highest combined value of banknotes and coins in circulation in the world, having surpassed the U.S. dollar.

Image Credit: www.bbc.co.uk.com

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a mid-level litigation attorney with experience taking/defending dep...

Apply Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a support attorney with some experience/familiarity with a litigatio...

Apply Now

Patent Prosecution Attorney

USA-MI-Northville

Northville office of our client seeks patent prosecution attorney with 5 years of experience. The ca...

Apply Now

Trademark and Copyright Associate Attorney

USA-CA-San Francisco

San Francisco office of our client seeks trademark and copyright associate attorney with 4-8 years o...

Apply Now

RELEVANT JOBS

Attorney - Insurance Defense

USA-GA-Atlanta

Downtown litigation law firm seeks associate with 3 to 5 years of experience in insurance defense, i...

Apply now

Legal Secretary-Cannabis Law Firm

USA-MI-Lansing

Vora, PLLC. Is accepting applications for a Legal Secretary or Paralegal. We are a cannabis law firm...

Apply now

Paralegal- Cannabis Law Firm

USA-MI-Lansing

Vora, PLLC. Is accepting applications for a Paralegal or Legal Secretary. We are a cannabis law...

Apply now

Legal Administrative Assistant

USA-CA-Sacramento

Under the general direction of the supervising attorney(s) and according to established Firm policie...

Apply now

SEARCH IN ARCHIVE

To Top