![As Latvia adopts euro, future growth is slowing As Latvia adopts euro, future growth is slowing](https://www.cer.eu/sites/default/files/styles/spotlight/public/images/spotlight/in_the_press/2014/latvian_flag_sl-1388998685.jpg?itok=taaTkx4k)
As Latvia adopts euro, future growth is slowing
"In order for the euro to flourish in the long term, it must assume a much more federal character, constructing some kind of a federal budget with transfers, which involves a greater pooling of sovereignty," said Simon Tilford, deputy director of the CER.