Why Member States still want to join the Euro: The Case of Lithuania 1.1.2105

National motive on Lithuanian Euro coins. © Bank of Lithuania, 2014
National motive on Lithuanian Euro coins.
© Bank of Lithuania, 2014

At a time when the value of the euro reached a historical low of the last nine years, the Eurozone adopted a new member – Lithuania. The Baltic state is set to adopt the common currency in spite of the rresurgenceof the Grexit debate and blunt relations with Russia, its largest neighbor and former ruler. Perhaps Lithuanian citizens were convinced by the forecast of their national central bank, stating that in the long run the adoption of the Euro will contribute to a 1,3% growth of the country’ GDP.

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