EXPECT Europeans to keep a close eye on Latvia, where a recent failed auction of government bills may have fatally weakened the commitment to its currency peg with the euro.

• 欧洲人很可能对拉脱维亚不管不问，最近该国拍卖国库债权却无人问津，这可能让其本币盯紧欧元的汇率机制岌岌可危。