Euro will be good for business, Berzins says

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Source: Bloomberg
© Scanpix/Reuters
Latvia will become the 18th member of the Eurozone next year and the President of Latvia Andris Berzins says that it is a practical decision and the country will benefit from that. The biggest part of Latvians are against Euro adaptation; however, Berzins stressed that the reason behind that is the past experience, when the Soviet Union broke and a lot of people lost their money.
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Thu, 26 Sep 2013 09:38:05 GMT

Spain may introduce changes in labor laws to fight unemployment

Spain's Prime Minister Mariano Rajoy may take the OECD advice and carry out more intense adjustments in the labor code to overhaul current jobless rate of 26%. Country's economy is recovering from recession and is expected to satisfy budget deficit goal in 2013, yet there is a need to decrease borrowing costs in order to avoid austerity measures.

Thu, 26 Sep 2013 08:41:03 GMT

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