| 15.2°C Dublin

Latvia to join eurozone

LATVIA will become the 18th country to adopt the euro after the EU paved the way for the country to join the eurozone. Latvia will adopt the currency from January 1, 2014.

As a full euro member, Latvia will be able to take part in all the key decisions in the eurogroup of ministers and the board of the European Central Bank. This means six out of the 12 countries that joined the EU since 2004 will have adopted the euro.