01
Jul
At a meeting of the Economic and Financial Affairs Council today the euro area member states adopted a recommendation approving a proposal that would enable Lithuania to become the 19th member of the currency union on 1 January 2015.
They agreed with the Commission’s assessment that Lithuania has achieved a high degree of sustainable convergence with the euro area, and that it therefore fulfils the conditions for adopting the euro as its currency. The proposal will be referred to the European...