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Diena - Latvia | Friday, March 27, 2015

Latvia right to introduce the euro

Latvia's Economics Minister Dana Reizniece-Ozola said in a televised interview this week that the Baltic state would have avoided a financial disaster even if it had not introduced the euro at the start of the year. The liberal daily Diena holds the opposite view: "No doubt she wanted to remind us that Poland's economy is strong even though it doesn't have the euro. However the investment potential of the Polish market isn't comparable with that of Latvia. The Poles can do things that we cannot. In addition, the mantra about the Polish success story that was so popular two years ago has aged somewhat: the złoty has fluctuated considerably on the money markets, and there have been other problems too. So Poland is no example for what would have happened in Latvia if it had postponed joining the euro club."

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