Lithuania: Lithuania to reject austerity, quick euro entry in vote | Kyiv Post

Austerity-weary Lithuanians are set to eject the country’s ruling centre-right coalition in an election this month, a move likely to delay the moment the small European Union member state joins the euro and to ease ties with Russia. However, the new government, which opinion polls show is likely to be a broad coalition led by the centre-left Social Democrats, is expected to largely stick to austerity as the Baltic state cannot afford to be frozen out of debt markets. “The situation is unbearable, half of Lithuania has emigrated,” said Svetlana Orlovskaya, 65, as she headed to work as a factory cleaner in a suburb of the capital city Vilnius. She said Prime Minister Andrius Kubilius, head of a four-party coalition since 2008, had not done “anything good”.

Full Article: Lithuania to reject austerity, quick euro entry in vote.

Comments are closed.