Latvia
gets approval to join Eurozone
The small Baltic nation of LATVIA has been given approval from its European
partners to become the 18th member of the eurozone from 2014.
The ECOFIN council which is composed of the Economics and Finance Ministers of
the European Union’s 28 member states has given nod to the country’s euro
membership.
Why
Latvia intends to join Eurozone?
Latvia is hopeful that entering the
eurozone will bring with it the country a number of benefits like lower
interest rates, lower currency conversion costs and increased foreign investment.
COUNTRIES IN EUROZONE
AUSTRIA, BELGIUM, CYPRUS, ESTONIA, FINLAND, FRANCE,
GERMANY, GREECE, IRELAND, ITALY, LUXEMBERG, MALTA, NETHERLAND, PORTUGAL,
SLOVAKIA, SLOVENIA, SPAIN, LATVIA
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Russia
to send Olympic torch to space
Russia who will be hosting 2014 Winter Olympics in Sochi has announced to send an unlit
Olympic torch into space.
The Russian Federal Space Agency
will take the torch to the Soyuz TMA-11M manned spaceship in early November
2013 as part of the four-month torch relay. Once it reaches space, Russian
cosmonauts Sergei Ryazansky and Oleg
Kotov will take the Olympic torch on a spacewalk. It will be first event of
its kind.
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