Euro Area Gains a Member but Retains Most of Its Weaknesses
Latvia’s entry to the single-currency club and Spain’s exit from its bailout provide some good news, but hold the champagne.
Tom Buerkle
January 3, 2014
Price signs in Latvian lats and euros stand on a sales display inside a Body Shop Inc. store, operated by L'Oreal SA, in Riga, Latvia, on Tuesday, Dec. 10, 2013. The country of 2 million will become the 18th member of the euro area in January after transforming its finances and recovering from the world's deepest collapse in output four years ago. Photographer: Jason Alden/Bloomberg
Jason Alden/Bloomberg
