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Unit 4 Macro: Latvia Joins the Euro

Geoff Riley

20th January 2014

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On the 1st January 2014, Latvia became the 18th country to enter the single currency Euro area, joining Estonia who adopted the Euro four years ago. How will it affect the economy? Are the forecast benefits greater than the costs and risks? Here are some resources on the issue:

BBC news

Guardian: For Latvia, euro still attractive despite Europe's financial crisis (July 2013)

Independent: Latvia - the country that fell for the Euro (Jan 2014)

Reuters: Unease over Latvian euro entry (Jan 2014)

Baltic Times: EU president says Latvia will feel economic benefits after euro switch (Jan 2014)

Estonia's Euro advice for Latvia (Financial Times)

Latvian government bets on the Euro (Al Jazeerah news)

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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