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As Lithuania Joins Eurozone, Relief and Hesitation
If anyone still has good reasons for joining the euro, it is the people bundled against the cold of this snow-dusted capital. The plunge of the ruble and economic sanctions have all but destroyed Russia as a market for Lithuanian dairy products and other goods. Russia has been sending patrols of military aircraft over the Baltic Sea recently in what Lithuanians interpret as an attempt to intimidate them. Lithuanian growth, while still well above the eurozone average, has suffered. The euro, which Lithuania will officially adopt on Thursday, will not solve all those problems. But analysts and political leaders say it ... (full story)
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