Latvian parliament passes law for adopting euro

Latvian parliament passes law for adopting euro

PanARMENIAN.Net - Latvian MPs have passed a law necessary for adopting the euro in January 2014 despite widespread opposition to the country's adoption of the troubled European single currency, The Associated Press reported.

The law represents a final legal obstacle before Latvia formally asks to become the 18th European Union country that uses the euro, a step expected next month.

A small group of protesters gathered outside parliament on Thursday, Jan 31, to heckle lawmakers as they headed to vote.

Recent polls suggest a majority of Latvians are against adopting the euro in light of the debt crisis that has afflicted the eurozone for over three years and fears that the Baltic country will have to help bail out struggling countries.

Many are demanding a referendum, but the center-right government says it won't hold a separate vote.

 Top stories
Helicopter design and manufacturing company Russian Helicopters delivered as many as 212 aircraft to various customers in 2015.
The Armenian Defense Ministry is providing the CSTO leadership with full information about the clashes along the line of contact.
The White House has been increasingly outspoken in recent months about threats to free speech and democracy in Turkey.
Russian warplanes have continued to support the Syrian army and its allies as they push their offensive on the desert city.
Partner news