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Latvia: The euro is coming

January 1, 2014

On the tenth anniversary of its accession to the EU, Latvia will be introducing the euro. That will further strengthen the country’s ties to Europe - but not everyone in Latvia is in favor of that.

https://p.dw.com/p/1Ak4m

Many in Latvia fear the introduction of the euro will cause prices to go up, as already happened in Estonia. In the city of Karosta, which once served as a base for the Soviet Baltic fleet, the largely Russian-speaking population is wary of closer ties to the west. But Latvians who have business ties to the EU are eager to welcome the new currency.