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Image header Agence Europe
Europe Daily Bulletin No. 11006
ECONOMY - FINANCE - BUSINESS / (ae) latvia

Riga prepares to contribute to ESM

Brussels, 28/01/2014 (Agence Europe) - The Latvian parliament will vote on ratification of the European Stability Mechanism (ESM) at the end of the week.

Joining the single currency does not mean automatically joining the ESM, whose managing director, Klaus Regling, says that Latvia's adhesion is expected in the first half of March. He said that Latvia's contribution to the ESM would be “€1.9 billion, including €220 million of paid-in capital”. He added that “by April, the ESM...

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