Luxembourg
20 June, 2013
Thank you Jeroen.
I start by congratulating Latvia for the Eurogroup's endorsement of the Commission's and the ECB's convergence reports. This paves the way for Latvia to join the euro area on 1st January 2014. I want to welcome Latvia as it has deserved this by doing an impressive economic turnaround over the last couple of years and achieved sustainable economic convergence with the euro area. I would like to make three brief points.