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Challenges for the euro area and implications for Latvia

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  • Guntram B. Wolff

Abstract

This Policy Contribution reviews the major challenges faced by the euro area, and discusses recent initiatives and the way forward. Some implications are drawn out for Latvia’s euro accession, which is likely to be beneficial on balance. The euro area faces three major challenges- (1) high private and public debt in some of its parts together with a requirement for competitiveness adjustment that in some countries has barely started; (2)...

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  • Guntram B. Wolff, 2012. "Challenges for the euro area and implications for Latvia," Policy Contributions 711, Bruegel.
    • Handle: RePEc:bre:polcon:711
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    File URL: https://www.bruegel.org/wp-content/uploads/imported/publications/pc_2012_05.pdf
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    Cited by:

    1. Wrobel, Ralph, 2015. "From independence to the Euro introduction: varieties of capitalism in the Baltic States," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 3(1), pages 9-38.

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