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2018-10-05

the Euro area: accession instead of dropouts

All the talk of possible exits from the Euro area. Latvia swims against the current; as of 2014, the Baltic country will redeem every Lat in approximately 0.70 euros. The country meets the Maastricht criteria with ease. With a good 40 percent of public debt (relative to GDP) is one of 2012, significantly below the 60 percent threshold. The last deficit is “only” 1.2 percent vm’s GDP. Would be allowed 3 percent.

Euroraum: Beitritt statt Austritte

 

 

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