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Lithuania adopts the euro - who cares?: 1/1/2015 14:55:11

An abandoned account
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Lithuania has changed its currency to the euro as of today, who even remotely cares?

Edited 1/1/2015 14:55:28
Lithuania adopts the euro - who cares?: 1/1/2015 14:57:26


۞RoastedChicken۞
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Lithuanians.
Lithuania adopts the euro - who cares?: 1/1/2015 15:52:29

Quicksand 
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I
Lithuania adopts the euro - who cares?: 1/1/2015 17:39:49


Phulesdorp
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SJWs.
Lithuania adopts the euro - who cares?: 1/1/2015 18:47:47

Elroi{IL}
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I'm guessing that if Euro collapses, Lithuania made a mistake
Lithuania adopts the euro - who cares?: 1/1/2015 19:23:16


Phulesdorp
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Crisis in a few decades.
Lithuania adopts the euro - who cares?: 1/1/2015 20:21:20


Ⓖ. Ⓐrun 
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Crisis within a year. Vote UKIP,
Lithuania adopts the euro - who cares?: 1/1/2015 20:50:19

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Lithuanians.

Very true.

I

That's because you're from Lithuania, as your profile says :)

I'm guessing that if Euro collapses, Lithuania made a mistake

As of 2 years ago, they no longer had a choice after they chose to join ERM II.

Crisis in a few decades.

Lithuania isn't Greece.

Crisis within a year. Vote UKIP,

*facepalm*
Lithuania adopts the euro - who cares?: 1/1/2015 21:13:57


Phulesdorp
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@Clement: Wait, when did the II in ERM happen? I didn't hear about it...

Do you mean the Bretton Woods II?

EDIT: And current trends say otherwise, with the median age per person on the rise (https://en.wikipedia.org/wiki/Demographics_of_Lithuania#CIA_World_Factbook_demographic_statistics).



ANOTHER EDIT: Found an article about ERM II, whoops.

Edited 1/1/2015 21:25:08
Lithuania adopts the euro - who cares?: 1/1/2015 21:56:03

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@ Phulesdorp, that's not put ERM II is. ERM II is the Exchange Rate Mechanism where the local currency of an EU member state has an exchange rate fixed to the euro temporarily until they adopt the euro.
Lithuania adopts the euro - who cares?: 1/2/2015 01:30:13


Phulesdorp
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Yeah, just found out about it. When I was in economics, we just referred to it as ERM, so I had no idea that ERM II happened.

Sorry for the confusion. :/
Lithuania adopts the euro - who cares?: 1/2/2015 10:02:01


Thomas 633
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Lithuania adopts the euro - who cares?

NO-ONE
Lithuania adopts the euro - who cares?: 1/10/2015 13:29:11

[UN] Choombi
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I do, and for the record I'm not Lithuanian, nor do i have any relation to that country.

Edited 1/10/2015 13:29:53
Lithuania adopts the euro - who cares?: 1/10/2015 16:11:59


skourby
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The EU would be much better without greece and Italy fucking shit up
Lithuania adopts the euro - who cares?: 1/10/2015 18:52:05

qwed117
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For a first, I have to agree with a wolf. Without Greece (Spain Portugal Ireland and Italy), the EU would be fine
Lithuania adopts the euro - who cares?: 1/10/2015 19:00:43

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You're also forgetting that Cyprus had a bailout.
Lithuania adopts the euro - who cares?: 1/10/2015 20:02:20


Жұқтыру
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Heh, this is the first time I hear this side. Usually, it's arguments about removing Germany and other big members, but I agree with this side more.
Lithuania adopts the euro - who cares?: 1/10/2015 21:29:45


☁WARLORD♥t(ಥ۾ಥt)SirℜicharD✠[WOLF]☁
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I wonder how much oil reserves EU has. That's the key
Lithuania adopts the euro - who cares?: 1/10/2015 21:42:55


Жұқтыру
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Barely any, UK holds more than half. All together, EU holds less than Brazil. But oil is not key; just look at Azerbaijan.
Lithuania adopts the euro - who cares?: 1/10/2015 22:39:51


skourby
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WAIT WTF? THE UK HAS NO OIL AT ALL!
(unless you may be talking about its colonies, but they have nowhere near what Mainland Europe has.)

Edited 1/10/2015 22:39:58
Lithuania adopts the euro - who cares?: 1/10/2015 22:40:53


skourby
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And also, who are these little shits who say that Germany should be kicked out? The EU would LITERALLY BE NOTHING WITHOUT GERMANY!
Lithuania adopts the euro - who cares?: 1/11/2015 22:59:56

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The North Sea oil around the coast of Scotland?

https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves

UK proven oil reserves: 6900million barrels.
EU (excluding UK) proven oil reserves: 6700million barrels.

Edited 1/11/2015 23:04:59
Lithuania adopts the euro - who cares?: 1/11/2015 23:41:06


skourby
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Oh... I was wrong *eyes twitch*... It-it doesn't m-matter *starts going insane*...
Lithuania adopts the euro - who cares?: 1/14/2015 03:09:36

qwed117
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Oh boy. Hey skurbs...I have some "snow" for you.

North Sea Oil is claimed partially by Norway+Denmark. Be careful with the figures.

And the EU wouldn't exist without Germany
Lithuania adopts the euro - who cares?: 1/14/2015 07:34:32


Polakillo
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Original post: Lithuania got screwed :P when you use the euro, the prices tends to be similar to the european countries (when these countries get way more salary than the lithuanians...)

And about the ireland, italy, spain, greece, etc... I think the problem is a mix of what they are asked to do to mantain their economies and the serious problems with their politicians, at least in the spanish case (Less public funds for everything and 1 corruption case every... 2 weeks? because of the ilegal use of public funds)
Lithuania adopts the euro - who cares?: 1/14/2015 11:15:00


BraaK
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Or in other words, people are much more likely to leave the country if Lithuania adopts the euro, and they did, so there you have it.

It has been only 2 weeks since we adopted the euro and I haven't notices any mass emigration...

Lithuania got screwed :P when you use the euro, the prices tends to be similar to the european countries (when these countries get way more salary than the lithuanians...).

Have you heard of a thing called global market? Current rise in prices after adopting the euro was very small.

Anyway Lithuania was basically using the euro (in the form of a national currency with a fixed exchange rating) for the past 10 year or so. Before that you could say we had the US dollar (also a fixed exchange rating for 10 years). So since gaining independence in 1990 we didn't have an independent monetary policy. Now we can influence it by at least a bit and the benefits (cheaper loans, no taxes for currency exchange, geopolitical security, etc.) greatly outweigh the drawbacks (insignificant rise in prices).

Edited 1/14/2015 11:15:21
Lithuania adopts the euro - who cares?: 1/14/2015 12:25:39


Polakillo
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Braak, the rise in price isnt something that will happen tomorrow, it is something constant (I mean, i know the prices increase because of the inflation) but it is completely true that 10 years ago, at least in Spain, the bread had half price, as it happens with other basic products like coffee or milk.

I hope the change is good for you, but after experiencing it i can say it is not good for countries with lower economical power than the strong countries of Europe
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