Following Latvia’s entry to the eurozone on January 1, the Governor of the Central Bank of Latvia, Ilmars Rimsevics, has joined the European Central Bank’s Governing Council. As Bloomberg reports, Rimsevics seems to support the same reform policies as Bundesbank President Jens Weidmann.

Rimsevics has been in favour of budget cuts and structural reforms in his home country and is likely to see eye to eye with Weidmann who warned that more fiscal efforts are needed in order for the EU economy t...

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