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Estonia's euro adoption good for neighbors

Jan 21, 2010
Staff and wire reports

TALLINN - Analysts say that Latvia’s economy could be negatively affected by Estonia’s entry into the euro zone, since businesses looking to invest in the Baltic region would focus on Estonia after considering the greater security provided by its currency. “In the first stage the influence on Latvian businesses will be negative. It will definitely be a further plus for the Estonians in terms of new work places and GDP growth,” said Latvian central bank chief Ilmar ...

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