Latvians continue to be opposed to the euro

two thirds believe a referendum on euro introduction should have been held

April 23rd, 2014

Four months after introducing the euro Latvians continue to be opposed to the transition writes Kārlis Seržants, Latvian MP and member of the EUD on about the findings of a new EUD poll conducted by the most reputed pollster in Latvia, SKDS. The poll shows 52% opposed to the transition to the euro, while support stands at only 22%.

“What is your attitude to the government’s decision to switch from the lats to the euro? Do you fully approve, tend to approve, tend to disagree, fully disagree or neutral?”


66% of respondents believe the government and parliament acted in the wrong way when they decided not to hold a referendum on the introduction of the euro.

“In your mind did the Parliament and government act correctly by not deciding to hold a referendum and not to give the citizens a chance to make a decision on transitioning from lats to euros or not?



When asked what the main reason for the governments decision to adopt the euro Latvians responded as follows. Note the low number of respondents (5%) choosing foreign security benefits as the main reason.

“What in your mind was the main reason why the government in Latvia decided to transition from lats to euro? – were they connected to state gains in the areas of politics, economics, foreign security or personal gains of decision makers? “


When asked How confident are you that Latvia will receive the benefits of transitioning from lats to euros promised by the government and various experts?” 72% of respondents said that they are not confident, while only 16% said they are confident.


”How confident are you that Latvia will receive the benefits of transitioning from lats to euros promised by the government and various experts?”


Latvian citizens disagree with statements made by the Latvian Central Bank leading up to and during the transition phase.


“The following list are some statements which are linked to the transition from lats to the euro expressed by the Latvian Central Bank. Please rate whether you completely agree with these statements, tend to agree, tend to disagree or totally disagree with?”


87% of Latvians believe prices have increased during the last six months (Latvia introduced the euro on January 1st 2014). A study by a Latvian daily has found that prices of a normal basket of goods have gone up 20% during the last six months.


“Despite the fact that the lats were nominally more valuable than the euro, if in accordance with your previous experiences and observations did goods and services as a whole increase significantly, increased slightly, slightly decrease significantly decrease or did they not change during the changeover period ?”


EUD has campaigned throughout 2012 and 2013 to inform the Latvian citizens of the consequences of giving up monetary policy sovereignty. The EUD will continue its information efforts in Lithuania. Please support our efforts by making a donation.The field work was conducted 7-20 March 2014 and the sample size was 1000. Full poll data can be found here.




"If it's a Yes, we will say 'on we go', and if it's a No we will say 'we continue'." Jean Claude Juncker, leading up to the 2005 French referendum on the EU Constitution.
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