Euro

Nearly Half of Latvians Oppose Adoption of Euro, Which Goes Into Effect Tomorrow

Always room for one more

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Latvia will join the Eurozone as the single currency bloc's eighteenth member on January 1, 2014, after more than five years since the former Soviet state plunged into an acute financial crisis in the wake of the collapse of the country's once thriving easy credit market.

For the Eurozone, the expansion of the bloc is a fitting reply to those who predicted the death of the currency during the peak of the debt crisis. However, the reaction the euro is set to receive in Latvia is far from positive, with nearly half of the locals still against joining the crisis-hit union.