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Friday 24.03.2017 | Name days: Kazimirs, Izidors
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Reizniece-Ozola and Dombrovskis: Latvia should be among Eurozone’s strongest countries

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU«Opinions of EU member states about the future integration of the Economic and Monetary Union differ. Bu the only difference lies in views about tactics, not the strategy and commitment for future changes. A stable Eurozone is a guarantee against economic shocks,» – announced Latvian Finance minister Dana Reizniece-Ozola on Monday, 26 September, at the ‘Eurozone as the core of the European Union: Latvia’s opportunities and limits’.

In regards to the future of Eurozone, EC Vice-President Valdis Dombrovskis said: ‘The situation in Eurozone has changed over the past several years – its management, economic and financial stability has all improved. Crises of other countries, including Greece, shows that initiatives formed in the Eurozone to strengthen against financial shocks work effectively. Nevertheless, member states on an individual level should be more responsible towards their fiscal and economic policies to ensure overall stability.’

During the discussion, the finance minister noted that a number of solutions to help improve and stabilize economic management have been found in Eurozone. Nevertheless, the union has to continue with integration to prepare for future economic challenges.

Reizniece-Ozola emphasized that Latvia has been supporting the formation of Eurozone’s fiscal capacity up until now. She added that any chosen solution should be fiscally neutral in a long-term perspective, Finance Ministry adds.

The Latvian minister later noted that the EU should focus on being a union of nations, and Eurozone should work to satisfy common principles and interests.

Both the finance minister and the EC vice-president agreed that Latvia has to do everything in its power to become part of Eurozone’s strongest countries core. This is not just an objective for politicians and institutions, but also for society as a whole.

Ref: 102.109.109.5871


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