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Fitch: No euro for Latvia until 2014
RIGA - Latvia will not realistically be able to adopt the euro until 2014, according to a recent report released by Fitch ratings agency. In a July 31 report on Latvia’s long term credit rating, Fitch said that the country would have to further delay the introduction of the euro because of high inflation. “Fitch believes that the inflation figures will not considerably change before 2012 to conform to the Maastricht criteria, which is why the earliest term of ascension to euro zone could b ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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