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Latvia is preparing to become the 18th eurozone member in 2014, ignoring the euro crisis and its citizens' lack of enthusiasm. The document drawn up by the national authorities aiming to open the eurozone's doors to Riga was presented on 5 March at the meeting of EU finance ministers.

The European Commission immediately applauded what it sees as a "sign of confidence" in the single currency. This is an "important development" for the eurozone because "a year ago, a Greek exit was on everyone's lips," commented Economic Affairs Commissioner Olli Rehn. "Latvia's decision also shows the progress made by this country, which experienced a serious economic crisis in 2008-2009," he noted. Riga had...

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