Riekstins: eurozone a matter of security

  • 2008-10-18
  • TBT Staff in cooperation with BNS
RIGA - Latvian Foreign Minister Maris Riekstins has said that joining the eurozone should be considered a matter of national security.

"The example of Iceland clearly demonstrates howvulnerable a small economy could be during such international financialdownturn. It, more than ever, proves the necessity faced by Latvia ofconsistent work to join the eurozone as soon as possible. I believe noother target to be set by the central bank in cooperation with Latviangovernment could be more important than implementation of this target. Itis not only the issue of Latvian economy. It is the issue of security," the minister said at a People's Party congress n Saturday.

"The residents of Latvia must be sure that Latvian government in thissituation cooperates with the EU partners by seeking the correctsolutions. On the national level, we must simultaneously take steps forenhancing financial stability," he said.