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Latvia Close to Meeting Euro-Entry Requirements: Danske

Latvia is very close to meeting requirements for adopting the euro in 2014 and becoming the currency union’s 18th member, Violeta Klyviene, a senior analyst at Danske Bank A/S, said in an e-mailed note today.

The Baltic country’s inflation, debt and budget deficit already meet membership criteria, leaving only requirements on long-term interest rates that are “more a formality than a real obstacle,” Vilnius-based Klyviene said.

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