Euro won’t affect black economy

  • 2014-06-04
  • From wire report
VILNIUS - The adoption of the euro in itself does not influence the shadow economy, say the governors of the central banks of the Baltic countries, reports ELTA.“I think it is related to national particularities, the euro has nothing in common with this. There is no difference for the shadow economy with whatever currency is used. I would not associate these issues,” said Vitas Vasiliauskas, chair of the board of the Bank of Lithuania.Ardo Hansson, the governor of the Central Bank of Estonia, also sees no means that could affect the extent of the shadow economy during...
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