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Estonia Euro Support Reaches Record as Latvia Readies Bid

Estonian public support for the euro rose to a record last month, a poll showed, as neighboring Latvia began legislative preparations to adopt the currency in 2014.

Sixty-four percent of respondents backed Estonia’s move to the euro, compared with 56 percent last October and the previous record of 60 percent in January 2011, when Estonia adopted the currency, according to a survey of 500 people conducted Nov. 9-30 by local pollster Faktum&Ariko.

Thirty-six percent of respondents were opposed to the euro, the same as January 2011 and down from 44 percent last October. No margin of error was given.

Latvia, which together with Baltic neighbors Estonia and Lithuania regained independence from the Soviet Union in 1991, is seeking to become the fourth eastern European nation after Slovenia, Slovakia and Estonia to adopt the euro to help boost investment and trade.

While lawmakers passed a bill in an initial ready to adopt the euro in 2014, only 13 percent of the country’s citizens support the change, the lowest level in eight years, according to an August survey by SKDS pollster.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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