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Photo: Wikimedia Commons In summer 2014 Lithuania was accepted into the Eurozone and Europe witnessed the ECB’s decision to reduce its key refinancing rate from 0.25% to 0.15%. As a result, Vytautas Žukauskas, senior policy analyst at the...
Contrary to what Lithuania’s prime minister claims, discussions on euro introduction are far from over. They might be over for those who have had the task of convincing Lithuanians about the benefits of having the euro. Still, the euro will...
In December 2013 EU finance ministers reached agreement on the guidelines of a Single Resolution Mechanism for the banking union. The Single Resolution Mechanism is to accompany the Single Supervisory Mechanism. The Single Resolution Mechanism...
The first of January in 2014 is the official euro introduction date in Latvia. The government is in a rush to introduce euro currency in Lithuania, too. Having in mind that Lithuania is holding the Presidency of the Council of the European Union...
In 1974, a renowned economist and Nobel Prize winner Friedrich A. von Hayek in his speech “The Pretense of Knowledge” criticized the economic policy of that time: “We [economists] have indeed at the moment little cause for pride: as a...
