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    Latvia applies for euro zone entry

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    euronews (in English)

    by euronews (in English)

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    Baltic state Latvia has applied to join the euro zone next year. Latvia pegged its currency to the euro after joining the European Union in 2004. It and Lithuania, which pegged in 2002, stuck with the links through two years of turmoil after 2008 which saw their economies shrink by up to a fifth.
    http://www.euronews.net/