Latvia: entry to the eurozone is scheduled for January 1, 2014

Latvia: entry to the eurozone is scheduled for January 1, 2014

Since 2014 Latvia will be a full member of the eurozone, because a consensus on the future of this Baltic country have been reached recently. Latvia's economy is fully consistent with all the requirements of the candidates for accession to the eurozone. Moreover, the situation in the country is much better than in other European countries. Thus, the inflation rate is 1.3%, the budget deficit - 1.2% of GDP, the national debt - 40% of GDP (allowable - 60%). Latvia also has the advantage that the rate of the national currency to the euro remains stable.

From a political point of view, Latvia's accession to the eurozone will also benefit the EU. It will show to the world the power of the European currency, which even during the crisis remains attractive for successful countries. Latvia's accession to the eurozone will allow to test predictions about the growth of the real estate market.