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 Commercial Business Litigator

USA-CA-Los Angeles

Los Angeles office is seeking a commercial business litigation attorney with 2-5 years of experience...

Apply Now

Senior Level Litigator

USA-CA-Woodland Hills

Woodland Hills office is seeking a litigation attorney with 5-7 years of experience and a background...

Apply Now

Litigation Associate Attorney

USA-CT-Stamford

Stamford office of our client seeks litigation associate attorney with 3+ years of experience. The c...

Apply Now

RELEVANT JOBS

Attorney

USA-WA-Woodinville

The ideal candidate will have 2-3 years’ experience as an attorney, who is passionate about br...

Apply now

Legal Secretary / Paralegal

USA-UT-Ogden

Have need of a legal secretary / paralegal to prepare legal documents for court filing and estate pl...

Apply now

Medical Malpractice Associate

USA-CA-Los Angeles

Downtown Los Angeles medical malpractice defense firm seeks 2-4 year associate attorney with persona...

Apply now

Immigration Attorney

USA-CA-Anaheim

Responsibilities: Make appearances in immigration court at Master Calendars and Individual Hea...

Apply now

SEARCH IN ARCHIVE

To Top