Lithuania cleared to adopt euro in 2015

ECB and European Commission give green light in convergence reports

bank-of-lithuania
Bank of Lithuania

Lithuania was given the green light to join the eurozone today, despite the European Central Bank (ECB) raising concerns over the country's ability to keep inflation under control after its accession.

Reports from the European Commission and the ECB found that Lithuania met the convergence criteria necessary for it to become the 19th member of the eurozone, in line with policy-makers' expectations.

The European Council of Ministers will make the final decision on Lithuania's accession in the

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