On Thursday, Lithuania became the 19th country to join the euro-zone. The move made it the last Baltic nation to adopt the currency, and the timing was inauspicious—the euro looks more and more like an economic death sentence as depressions spread across the continent. Proving skeptics right, less than 24 hours later, the currency’s value dropped to a four-year low after European Central Bank President Mario Draghi seemed to suggest that the bank might start printing money to combat what he called “excessively low” inflation. The Financial Times noted that with the latest dip, the euro’s value “has …read more
Source: The Atlantic
