Due to Latvia joining the European Stability Mechanism (ESM), Klaus P. Regling, German economist and Managing Director of the ESM, will visit Riga and deliver a lecture at the Small Hall of the University of Latvia (UL) on 3 March.

Klaus Regling is a leading expert on the current situation in the Eurozone. His assessment is cautiously optimistic: the EU's anti-crisis efforts have resulted in a gradual recovery of economic growth; however, EU Member States still need to increase their competitiveness. The lecture How Europe is Overcoming the Euro-crisis will discuss these issues in detail.

Earlier this year, the Minister of Finance on the initiative of the ESM invited Mr Regling to visit Latvia and the visit will take place on 3–4 March.  

This visit follows the Latvian Parliament’s decision of 30 January 2014 to ratify the ESM agreement and join the mechanism. The ESM facilitates access to financial resources with lower interest rates for Eurozone countries experiencing financial difficulties. With the accession, Latvia not only helps ensure stability in case of potential difficulties, but also shows solidarity with other EU countries, recalling the crucial financial assistance provided by the EU to Latvia in the period of financial crisis.

During his visit, Mr Regling will also meet the Prime Minister, responsible parliamentary commissions, as well as representatives of the Bank of Latvia, Ministry of Finance and the European Commission Representation Office in Latvia.

The lecture will take place at the UL Small Hall on 3 March, 15.00-17.00. It will also be broadcast live at www.lu.lv/tiesraide. The lecture is organised by the UL in collaboration with the Ministry of Finance.

Translated by students of the professional study programme Translator of the University of Latvia.

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