Ecofin approves Latvia's adoption of euro

FXstreet.com (Barcelona) - European finance ministers have gathered today in Brussels for an Ecofin summit. The main points on the meeting agenda are Latvia's adoption of the euro currency next year and the economic and financial program of the new Lithuanian EU Presidency for the next six months.

EU finance ministers are also expected to discuss the European Commission's propositions on how to increase the European Investment Bank's funding for peripheral countries' small and medium sized enterprises.