Money is only a tool.
It will take you wherever you wish, but it will not replace you as the driver.
-Ayn Rand (Atlas Shrugged 1957)

Lithuania and Euro


From January 1, 2015, Lithuania will become the 19th full-fledged member of the euro area and will start using the euro as the single currency of the European Union. More information is available here.

An analysis by Marius Jurgilas and me regarding Lithuania's accession into the eurozone when we were still Ph.D. students at UConn is available here. It was presented at the Macro Workshop in the Department of Economics at the University of Connecticut on April 26, 2006.

The commentaries by Marius and me with regards to Lithuania's first euro bid back in 2006 are available here:
EUobserver: What are the economic arguments against Lithuania's eurobid?
DELFI: Kokiais ekonominiais argumentais vadovaujantis stabdomas euro ivedimas Lietuvoje?
Politische Bürokratie gefährdet Litauens Aufnahme in die Eurozone

Our blog about the Lithuanian Economy.