European Union Approves Latvia Entry to Eurozone

miércoles, 10 de julio de 2013

10 de julio de 2013, 00:08Brussels, Jul 10 (Prensa Latina) The European Union (EU) approved today the entry of Latvia to the eurozone, something that will become a reality in January, 2014, when this country assumes the single currency.

The decision was signed by the ministers of Finances of the regional bloc, who also certified a group of legal regulations to allow entry of the country number 18 of the eurozone.

According to the EU authorities, this nation of two million inhabitants complies with the requirements of the Treaty of Maastricht, making possible its entry to the eurozone, after around five years of negotiations.

In this respect, Latvian Prime Minister Valdis Dombrovskis asserted that his country’s adherence to the eurozone is good news, not only to the nation, but also to Europe.

Latvian Finance Minister Andris Vilkis said this day is a symbolic date.

« We will continue moving forwardÂ� because we know how important is the objective met today, » he said.

sgl/ef/iom/ocs/lmg

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European Union Approves Latvia Entry to Eurozone

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