Locking Latvia into austerity

Locking Latvia into austerity


Over the next few days Europe will become a little more undemocratic than it already is.

Latvia’s application to join the euro is about to be formally approved by the Brussels bureaucracy.  Most people in that Baltic state are opposed to the move, according to opinion polls. Yet they are not being given any say in the matter. More than likely, Latvia will be ushered into the single currency in 2014 without a referendum being called.

Don’t expect this virtual coup to e...


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