Lativa's euro bid approved by EU finance ministers

  • 11 years ago
EU finance ministers have officially given Latvia the nod to become the 18th member of the eurozone.

The country was hit hard by the economic downturn of 2008, which wiped almost a fifth off its GDP.

But a series of tough reforms has turned its economy around. Last year, Latvia posted a growth rate of 5.6 percent.

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