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Euro, Latvia, completely baffled.
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Victoria Sin
Doomheim
#1 - 2013-06-05 16:47:18 UTC
Latvia becomes the 18th country to join the Euro. I'm completely baffled as to why anyone would want to join the Euro right now. Are there any Latvians in the house capable of explaining this mystery? Right now I'm thinking someone high up has a large currency trade waiting to mature.
Brujo Loco
Brujeria Teologica
#2 - 2013-06-05 19:49:25 UTC
Victoria Sin wrote:
Latvia becomes the 18th country to join the Euro. I'm completely baffled as to why anyone would want to join the Euro right now. Are there any Latvians in the house capable of explaining this mystery? Right now I'm thinking someone high up has a large currency trade waiting to mature.



MONTENEGROBig smile this is even more shocking to me than Latvia ...

Inner Sayings of BrujoLoco: http://eve-files.com/sig/brujoloco
Kirjava
Lothian Enterprises
#3 - 2013-06-05 20:00:07 UTC
Joining at the bottom of the market, locks in the value of the previous currency at the best rate.

And if you're legally bound to join the Euro, might as well do it at the best point right?

[center]Haruhiists - Overloading Out of Pod discussions since 2007. /人◕‿‿◕人\ Unban Saede![/center]
Hrothgar Nilsson
#4 - 2013-06-05 23:30:47 UTC
Considering the Latvian currency was essentially tied to the Euro for the past 8 years with a 1% float, it had already been for all practical purposes adopted in 2005. Officially beginning to use the euro is really more of a cosmetic change than an actual one.

I've... seen things you people wouldn't believe...

Attack ships on fire off the shoulder of Orion...