Latvia: the Long Road to the Euro

... trends in Europe. Nevertheless, the common European currency is still attractive for countries outside the Eurozone. On January 1, 2014, Latvia adopts the euro, but is it ready for this new political and economic environment? The dire effects of the Eurozone debt crisis have not affected the popularity of the common European currency in countries whose elites aim to climb the pinnacle of Eurointegration. Of course, the Baltic States are at the forefront, since Baltic leaders are eager to gain protection by more affluent Germany and France and delegate anti-crisis measures to Brussels, thereby deferring responsibility for any possible consequences from a fresh package ...