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Latvia government bets on euro

Not everyone convinced that eurozone membership will encourage investment and lower borrowing costs.

Last updated: 31 Dec 2013 22:05
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Latvia will join the list of EU countries using the euro as currency starting with the new year.

The move marks the end of the national currency, Lat, reintroduced only 20 years ago - after independence from the Soviet Union.

The government said eurozone membership will encourage investment and lower borrowing costs. But not everyone is convinced.

Al Jazeera's Kim Vinnell reports from Riga.

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Source:
Al Jazeera
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