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Lithuania might adopt the euro in 2015

On the 1st of January this year Latvia became the 18th country to adopt the euro. Its neigbor Lithuania is poised to be the 19th euro nation, maybe even as soon as 2015.

The European Commission has issued a press release following an investigation into the readiness of eight countries to join the euro. Out of those eight (Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania, Sweden and Lithuania) only Lithuania meets the criteria for joining.

The Commission is therefore proposing that the EU Council of Ministers decide that Lithuania can adopt the euro on 1 January 2015. The Council will take the final decision on the matter in the second half of July, after EU Heads of State and Government have discussed the subject at the 26-27 June European Council, and after the European Parliament has given its opinion.

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