Latvia to Become 18th Euro Member Amid Public Resentment
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Latvia’s euro adoption, dangled as the ultimate reward while the country endured the world’s deepest recession, is being met with resentment.
In the country of 2 million, which will become the 18th member of the euro area tomorrow, opponents of the currency switch outnumber proponents two-to-one as public expectations for accelerating inflation mount, opinion polls show. Residents are also bracing for taking on new responsibilities in the currency union.