On 22 February, a conference on 'Experience with and Preparations for the Euro' will be held in order to address possible challenges, as well as to learn about the experiences of other EU Member States in introducing the euro.
“Introduction of the single European currency in Latvia was and still remains the strategic goal of our state. During the conference, we will try to find answers to the following questions: What does the introduction of the euro mean? How can the euro be transformed from a mythical notion into a real currency used in every day life? How easy or hard is it for society to deal with the transition on the day when the state joins the euro area? How do the national economy, business environment and international investment ratings respond to this transition? It is essential for the parliament not only to talk theoretically about the consequences of euro introduction but also to learn from the experience of states which have joined the euro area”, emphasised Zanda Kalniņa-Lukaševica, Chairperson of the European Affairs Committee.
Inna Šteinbuka, Head of the European Commission Representation in Latvia, indicated that during the preparation process for introducing the euro, it is important to have a candid discussion on advantages and disadvantages of the single European currency. “Estonia is our closest neighbour which chose to join the euro area rather recently; therefore, it seems worthwhile to learn about their experience. As for Austria, it has had the euro since the day it was first introduced in Europe; thus it can view the development of the euro area from a longer perspective”, emphasised Šteinbuka.
Full press release
© Latvijas Republikas Saeima
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