Latvia Poised to Join Trio Meeting Euro Rules: Chart of the Day
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Latvia is on course to join the euro region’s only three members that satisfy thresholds for public finances as it awaits a decision on its bid to adopt Europe’s common currency in 2014.
The CHART OF THE DAY shows that the Baltic nation met European Union limits last year with a budget deficit of 1.2 percent of gross domestic product and a government debt ratio of 40.7 percent of GDP, according to Eurostat data. Among the existing 17 euro-area members, only Finland, Estonia and Luxembourg stayed within the 3 percent and 60 percent maximums.