Latvian MEP Ivars Ijabs from the "Renew Europe" group believes that Bulgaria ’s plans to adopt the euro are a positive move, both for its citizens and its economy. Speaking to Club Z, he reflected on Latvia’s own experience of joining the eurozone and said that while fears and doubts are normal, the benefits eventually outweigh the skepticism. Latvia adopted the euro in 2014, shortly after suffering through a deep economic crisis in 2009–2010, which saw the country lose nearly 18% of its GDP.