VILNIUS, Lithuania — Lithuania switched over to the euro on Thursday, becoming the last Baltic nation to adopt Europe’s single currency, in a bid to boost stability despite fears of inflation and eurozone debt woes.
Baltic leaders withdrew their first euros from a Vilnius bank machine just after midnight, as the eurozone gained its 19th member and fireworks signed off a year marked by alarm over Russia’s role in the Ukraine conflict and its economic crisis.
For a nation scarred by decades of Soviet occupation, eurozone entry is an important step and a symbol of “deeper economic and political integration …read more
Source: The Philippine Daily Inquirer
