PM Cameron’s Plan Upsets Latvia’s Euro Thoughts

U.K. Prime Minister David Cameron’s vow to put Britain’s European Union status to a public vote is reinforcing Latvian hostility toward adopting the euro.

“That’s a serious signal for us,” said Andrejs Elksnins, a lawmaker from the opposition Harmony Center party who also cites Czech resistance to the currency. “There are too many unknowns for the government to unilaterally take a decision today about our country’s future. It’s not the right time.”

Latvian lawmakers flew in the face of public opinion yesterday by clearing a path for the Baltic nation to apply for euro-area membership starting Jan. 1, 2014. Two-thirds of the country opposes the move, according to a December poll. Parties such as Harmony may try to sink the plan with a referendum.


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