Wednesday, 31 December 2014

Lithuania adopts the €uro tomorrow

Lithuania will become the 19th country to take the crazy step of joining the €uro tomorrow.

The eurozone is stagnant and experts are warning of deflation which is disastrous for countries with high levels of debt and especially those still in recession. Lithuania has a relatively low debt to GDP ratio at the moment but when the cost of living rises (and it will) that'll soon change.

You can read more about Lithuania joining "the stupid club" on the Commentator website.