You might be aware of the timer above the door of Lietuvos bankas, Lithuania’s central bank, which is counting down to the euro changeover – less than 100 days [98 days] remain until Lithuania adopts the euro. Lietuvos bankas installed the countdown clock two months ago, when the Council of the European Union gave the green light for the adoption of the euro, but I am sure that many of us have been anticipating this day for much longer. And we have probably asked ourselves: what does Lithuania’s accession mean for the euro area and what does the euro changeover mean for Lithuania? In my remarks today I will elaborate ... (full story)