Latvia becomes the 18th member to adopt Euro..

Well despite crises and criticism, membership of  Euro club keeps rising. Latvia is the latest member which adopted Euro on 1-Jan-14. That makes the number of Euroarea members to 18. There is a transition process happening in the country with different deadlines for different users.

This has changed the capital structure of ECB, as members share is reduced to make way for Latvia.

The club moves on unfazed really..

 

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