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发表于 2014-1-9 12:19
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[Homework]2014-01-07&01-09 拉脱维亚加入欧元区,冀望经济复苏
As fireworks lit up the sky, heralding the new year,cashpoints across Latvia began shooting out euro instead of Lats. Among the first to withdraw crisp 10 enro notes was the country's prime minister.“I believe it's also a big opportunity for Latvia's economic development becoming a member of the world's second biggest currency, its a big opportunity for raising welfare in Latvia.”
Joining the club hasn't been easy though the country's economy shrinked by some twenty percent at the height of its economic crisis. On top of that it has pushed through a wrenching austerity program,but the hard ground it seems has paid off. The economy has rebounded, it grew 4.5% in the third quarter of last year,and unemployment has fallen, an example that Sam argue that austerity can work.
Thanks to this efforts undertaken in the aftermath of deep economic crisis,Latvia will enter the euro area, stronger than ever. In 2013,Latvia's GDP in forecast to expand by 4%, the highest growth in European Union, and this growth is expected to continue into 2014
While the political elite in Brussels herald the new members those at home has adopted seven currencies in a hundred years, they are losing sovereignty, they worried about new tougher responsibility to meet EU targets and price increases.
In all other countries who switched before us, prices rose. Most likely they will rise here as well, that is bad. Nice, good-looking money, but unfortunately I still don't understand much.
Well it seems she is not known according to the latest polls, 50% of Latvia against adopting the euro.This despite promises of new jobs, foreign investment and economic growth.
I wish and I see Latvia will be able,together with other neighboring countries, to be as a fast growing region in the Europe.
This new beginning moves Latvia closer to the Western,further away from the shadows of Russia, hoping that a new club will bring in more stability, predictability and prosperity
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