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Lithuania votes to keep currency board

Jul 16, 2008
From wire reports

VILNIUS - Lithuania’s parliament has revoked its two-week old resolution which had effectively urged the government to un-peg the litas from the euro by dissolving the country’s currency board. The Parliamentary Commission on Ethics and Procedures finally decided that the passing of the resolution, on July 1, involved a procedural violation. The resolution, initiated by MP Algimantas Matulevicius, provoked heated debate among financial experts and policymakers alike. The spark behind the idea ...


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 MORE NEWS

Latvian government adopts 2009 budget with deficit
Fitch Ratings devalue Baltic economies
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Economists predict more hard times
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Moody’s rating for Estonia unchanged
Latvian central bank calls for balanced budget
Latvia to have budget deficit in 2009


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