The assessment of post-programme developments is mixed.
Latvia enjoys fast GDP growth rates and the outlook for 2014 and 2015 is overall encouraging, but some problems remain to be addressed with a greater sense of urgency.
The European Commission today adopted a report on the introduction of the euro in Latvia.
The report draws some useful conclusions for future changeovers in other Member States.
The Commission and the ECB concluded that the positive trends of policy progress, ongoing economic adjustment and diminishing financial stress have continued.
Important challenges to sustained economic and employment growth, public finances and the banking sector still remain.