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<p>[QUOTE=&quot;chrisild, post: 1725555, member: 39&quot;]Well, the Latvian government does not share your opinion. Whether this is a wise move or not - keep in mind that Latvia, or rather the lats, has been in the Exchange Rate Mechanism (ERM-II) for about eight years. The Latvian currency has thus been at a pretty much fixed exchange rate since then.</p><p><br /></p><p>Also, remember what some people, notably in the US and the UK, said when Estonia joined the euro area in 2011? How dare they do that, the euro is doomed anyway, does not sound like a good idea, and so on. For some odd reason both the euro and Estonia are still around. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> We sure have substantial problems that need to be addressed, and of course nobody has a cure-all remedy. But maybe the &quot;Baltic perspective&quot; is a little different. After all, as mentioned in the initial post, Lithuania plans to join the euro area (in 2015) as well.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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