Lithuania one step closer to euro

  • 2014-07-03
  • From wire reports
VILNIUS - European Union finance ministers gave Lithuania the green light to adopt the euro currency next year during talks in Luxembourg on June 20, reports DPA. “Lithuania has achieved a high degree of sustainable convergence with the euro area and, therefore, fulfils the conditions for adopting the euro as its currency,” the ministers said in a statement.The move, which must still be approved by EU leaders and reviewed by the European Parliament, expected in late July, paves the way for Lithuania to become the eurozone’s 19th member on Jan. 1. “This really...
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