Lithuania will enter the euro zone

The European Parliament has voted on a recommendation that would see the Eastern European country in the euro zone in January of 2015. The vast majority (545) of parliamentarians voted for the recommendation, stated a press release from the European Parliament. High inflation blocked Lithuania's entry into the euro zone in 2007. Currently, parliamentarians are eagerly underscoring the fact that the small Baltic nation meets all euro zone entry requirements. The country's small inflation (0.6 percent), a budget deficit under 2 percent and a public debt (39.4 percent) within EU norms have made it a perfect candidate to become the 19th country in Europe to utilize the Euro.