Lithuania Risks a Greek Euro Tragedy
It's probably too late for Lithuania to reconsider its plan to abandon its currency, the litas, and become the 19th member of the euro on Jan 1. But Greece's mess is a cautionary tale about the potential consequences of ceding sovereignty over monetary policy. Not to be too blunt about it, but losing the ability to cheapen your currency to increase exports and boost growth can be crippling.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Trump's Numbers Are Really, Really Bad
- Has Trump Fixed the 'Worst Deal Ever'? Kinda, Sorta
- The Long-Term Stock Exchange Is Worth a Shot
- Authoritarian Cryptocurrencies Are Coming
- North Korea Is Playing a Longer Game Than the U.S.
- California Can't Make Trump an Ethical President
- Why Weinstein Held On For So Long and Fell So Fast