Parliament gives thumbs up to Latvia’s euro membership / Latvia to adopt euro on 1 January 2014

On the 3 July 2013, the European Parliament cleared the way for Latvia to adopt the euro in 2014, ahead of the final go-ahead to be given by EU finance ministers.

The Council adopted a decision on the 9 July 2013 allowing Latvia to adopt the euro as its currency as of 1 January 2014.

Latvia would become the eurozone’s 18th member.

• Primary Source

European Parliament: Press Release, 03.07.13: European Parliament gives go-ahead for Latvia to join the euro http://www.europarl.europa.eu/news/en/pressroom/content/20130628IPR14593/

ESO: Background information: Commission concludes that Latvia is ready to adopt euro in 2014 http://www.europeansources.info/record/press-release-commission-concludes-that-latvia-is-ready-to-adopt-euro-in-2014/

Deutsche Welle, 09.07.13: Latvia gains final approval to join eurozone http://dw.de/p/194PH

BBC News, 09.07.13: Latvia gets Ecofin nod to become 18th eurozone member http://www.bbc.co.uk/news/business-23238029

Council of the European Union: Press Release, PRES/13/323: Latvia to adopt euro on 1 January 2014 http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/137884.pdf

European Commission: DG Economic and Financial Affairs: The euro: Your country and the euro: Latvia and the euro http://ec.europa.eu/economy_finance/euro/countries/latvia_en.htm

Deutsche Welle, 09.07.13: Will Latvians embrace the euro? http://www.dw.de/will-latvians-embrace-the-euro/a-16936586

Baltic Times, 09.07.13: It's official: Latvia’s invited to join the eurozone http://www.baltictimes.com/news/articles/33120/

Spiegel Online International, 11.07.13: Latvia and the Euro: Meet the EU's Newest Tax Haven http://www.spiegel.de/international/europe/latvia-set-to-join-euro-zone-and-become-a-new-european-tax-haven-a-910610.html

Deutsche Welle, 10.07.13: Can Latvia be a role model for reform in Europe? http://dw.de/p/19597

ESO: Background information: Euro area countries recommend Latvia euro accession http://www.europeansources.info/record/press-release-euro-area-countries-recommend-latvia-euro-accession/

---