16
Dec
On January 1, 2015, Lithuania becomes the 19th EU Member State to adopt the euro as its currency, completing the shift by all three Baltic nations to the EU’s single currency. The EU Member States that have adopted the euro constitute the euro area, and all are subject to the monetary policy set by the European Central Bank.
Lithuania satisfied the necessary economic convergence criteria prior to taking this historic step:
• Price stability. The inflation rate should not be more...