23 Jul 2014
Lithuania's Eurozone accession officially approved
FXStreet (Łódź) - European finance ministers have officially backed Lithuania's accession to the Eurozone, beginning with January 1, 2015.
ECB executive board member Peter Praet, also present in Brussels, stressed that the newest euro area member should pursue appropriate policies to prevent economic imbalances.
He reminded that three of Lithuania's largest banks' balance sheets were being reviewed by the ECB as part of the central bank's comprehensive assessment of the Eurozone banking system.
ECB executive board member Peter Praet, also present in Brussels, stressed that the newest euro area member should pursue appropriate policies to prevent economic imbalances.
He reminded that three of Lithuania's largest banks' balance sheets were being reviewed by the ECB as part of the central bank's comprehensive assessment of the Eurozone banking system.