26 September 2012

LATVIA / LITHUANIA / ESTONIA : 2 Baltics Balking About Euro Adoption.

http://www.bloomberg.com/news/2012-09-24/euro-crisis-melts-baltic-fortitude-for-currency-switch-in-2014.html

      Lithuania will hold an election in October...and euro adoption is very much part of campaigns.
     51% in Lithuania now don't want the euro.
     Latvian pols still plan a 2014 target for adoption...but support is dwindling among its citizens..with 59% against vs only 13% for.
     Both nations are losing their hunger to join the eurozone...and who can blame them as the debt crisis drags on?
     There is little to gain...and bailout expenses keep growing.
     Neighboring economic power Poland has backed away from the euro...calling it 'completely unattractive.'