Latvia has moved a step closer to joining the euro after its national parliament backed two laws paving the way for the Baltic country to become the 18th member of the single currency.
Latvia‘s parliament, the Saeima, passed legislation on fiscal discipline, which enshrines the balanced budget 'golden rule' to keep government debt and deficit levels below the 60 percent and 3 percent thresholds, as well as a bill detailing the timetable to switch from the Lat to the euro on Thursday (31...
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Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.