Lithuania may adopt euro in 2015

On 4 June 2014, the European Commission released its 2014 Convergence Report, which assesses eight Member States’ readiness to join the single currency. The commission proposed 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.

Courtesy of Jim “Rubycored” Chen.

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