Latvia: Annual Report
While Latvia enjoyed rapid economic growth in 2006 - the highest in EU - this was tempered by signs of macroeconomic imbalance, the governor noted in the central bank's annual report.
A government plan endorsed in March this year calls for balanced budgets in 2007 and 2008 with surpluses in 2009 and 2010. This fiscal belt tightening should enable to Latvia to comply with the Maastricht criteria and join the euro, the governor said, but not until 2011-13.
Read the report here.
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