Lithuanian Cabinet Doomed as Premier Loses Presidential Vote
- Former finance minister wins first round by razor-thin margin
- Prime minister vowed to resign if he didn’t advance to runoff
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Lithuania’s prime minister said he’d quit and possibly scrap his minority government after he was knocked out of the euro-area member’s presidential election.
In a result that shook the Baltic state’s political landscape, a crisis-era finance minister and the former chief economist of SEB Bank AB will compete in a May 26 runoff. If the cabinet collapses, it will most likely be replaced by a technocrat government that would lead the Baltic NATO nation until a scheduled vote next year.