Lithuanian Economy Plunged 22.4 % in Second Quarter!

From Bloomberg.

Lithuania is suffering from its worst recession since 1990 with the deepest decline in the EU.

"“Nobody has expected that GDP will be disappearing at this rate,” said Zsolt Papp, an economist at KBC Groep NV in London. “This will bring up the question of devaluation again in the entire region. The Baltic countries will have to seriously look at their currency regimes.”"