Discipline della mediazione linguistica (sede di Civitanova Marche) - L-12

Discipline della mediazione linguistica (sede di Civitanova Marche) - L-12

MODULO B: TRADUZIONE ECONOMICA DALL’INGLESE ALL’ITALIANO DOCENTE BERNARDI ELEONORA

Parole 180 – tempo: 60 minuti

Latvia set to become second Baltic state to join Eurozone

The Baltic state of Latvia has got the green light to join the euro next year, and will become the 18^th country to adopt the single currency despite the Eurozone. Eurozone finance ministers still have to officially accept Latvia's membership next month, but that is expected to be a formality. The Latvian currency has been linked to the euro for years and its government now wants to join formally and take part in decision-making.

"Latvia's desire to adopt the euro is a sign of confidence in our common currency. It is further evidence that those who predicted a disintegration of the euro were simply wrong," said the Commissioner for Monetary Affairs.

While supporting Latvian membership, the ECB pointed to risks entailed in the high level of foreign deposits held in Latvian accounts, which amount to about 40% of national GDP.

In the recent collapse of the Cypriot banking sector the level of foreign accounts was also seen as a significant problem but the Riga government argues that the Latvia's banking sector is minuscule compared to that in Cyprus, whose economy relies on big off-shore Russian investments.

VOCABULARY

Decision-making = processo decisionale/decisioni Membership = ingresso (nella zona euro)

Foreign deposits = Conti correnti esteri/Depositi esteri