Memo: Latvia and the euro

On 5 March 2013, Latvia formally asked the Commission to deliver an extraordinary convergence report with the aim of joining the euro from 1st January 2014. The report will assess if the country has achieved the five convergence criteria as defined in the Maastricht Treaty for joining the euro. The criteria include a qualitative assessment of the structural sustainability of public finances in Latvia.

European Commission: Rapid: SPEECH/13/191: Vice President Rehn's press point with Latvian Finance Minister Andris Vilks http://europa.eu/rapid/press-release_SPEECH-13-191_en.htm

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