Lithuania urged to maintain direction
VILNIUS - Lithuania’s new government emerging from last weekend’s elections will have to keep cutting the budget deficit or risk higher interest rates, said Lars Christensen, chief emerging-markets economist at Danske Bank, reports Bloomberg.
Lithuanians went to the polls on Oct. 28 to vote in a second round of elections that have likely ousted Prime Minister Andrius Kubilius, bringing opposition parties to power. Kubilius’ Cabinet cut wages and raised taxes in 2009 and 20 ...
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