Latvia government bets on euro
Not everyone convinced that eurozone membership will encourage investment and lower borrowing costs.
Published On 31 Dec 2013
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.
Source: Al Jazeera