Dombrovskis soothes euro worries

  • 2013-02-06
  • From wire reports
RIGA - Latvia meets most euro-adoption criteria and is poised to join the currency area as planned in 2014, the International Monetary Fund said, reports Bloomberg. The Baltic country already meets state-debt and budget-deficit thresholds, the Washington-based lender said on Jan. 28 in an Article IV and staff report.“Prospects for meeting the inflation and interest rate [targets] are more uncertain, since these criteria depend on the EU institutions’ determination of the countries to be used for the reference value calculation,” the IMF said. Representatives from the...
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