Eurozone

French President François Hollande's proposal to establish a parliament and a government for the euro area is "just an idea without any specific propositions," therefore is cannot be either rejected or approved so far, says Lithuania's Foreign Minister Linas Linkevičius.

The Lithuanians have warmed further towards the euro after the country’s switchover to the single currency early this year, the recent Eurobarometer survey has shown.

Lithuania's Labour Party said on Thursday its ministers would not back the proposed Greek bailout plan, calling for a ruling coalition's meeting on the issue.

Lithuania's parliamentary speaker, Loreta Graužinienė, said on Wednesday that Lithuanian people "do not have to cover Greek debts" and that she doubted if Greece's parliament would pass the reforms promised by Prime Minister Alexis Tsipras in exchange for financial assistance.

Greek authorities must demonstrate their strong political will and approve reform measures agreed after more than 17 hours of overnight talks in order to reach a deal with the eurozone on a new bailout programme, Lithuanian Finance Minister Rimantas Šadžius said on Monday.

Lithuanian officials will tell eurozone finance ministers on Saturday and EU leaders on Sunday that Vilnius is in favour of Greece staying in the monetary union.

Economist Dr.Zoltan Pogatsa believes that the Eurozone states of the former Eastern bloc have been duped by the major powers into firmly opposing Greece. They are being led to believe that Athens is damaging to their economies. It's all a deception, the Hungarian professional of political economy ar...

If we all sat at a table in a tavern, having fun eating and drinking and then decided to vote if we wanted to pay the bill or not, the chances are that most would vote to pay the bill. What would a table like that look like from the side as it flaunts the results of that vote, demanding that the cus...

Greece might have to renounce the euro if the country's government refuses to make commitments and continues with its "irresponsible" policy, Lithuanian President Dalia Grybauskaitė said on Tuesday.

Greece will remain in the eurozone despite the Greeks' decision in the recent referendum to reject the creditors' proposed reforms and austerity measures, Lithuanian Prime Minister Algirdas Butkevičius believes.

Everyone respects the decision made by Greece to hold a referendum on a deal with its creditors, says foreign affairs advisor to the Lithuanian president Renaldas Vaisbrodas. He hopes the referendum will be helpful to the people of Greece.

Although eurozone finance ministers have not extended Greece's bailout program, the country stays in the single currency, Lithuanian Finance Minister Rimantas Šadžius has said, adding that the EU will use other means to help Greece, such as structural funding, and that the country now has to take me...

Instability in the euro area results from fragmentation, chief economist for Lithuania at Nordea, the biggest financial group in the Nordic and Baltic countries, believes.

Lithuanian President Dalia Grybauskaitė said on Monday that Greece would not leave the eurozone, but if it did, this would have no negative impact on the Lithuanian economy.

Greece wants to feast and to have other countries pay its bills, Lithuania’s president has said, adding that Lithuania has a tough stance towards the Greek debt crisis in particular as the country does not want, in the president's words, to take responsibility for several decades of living beyond it...

Emergency euro area’s summit, which will be held on Monday, may rouse Greece to action in addressing the debt crisis, Lithuania’s Finance Minister has said.

After negotiations between Greece and its international lenders failed, the country's future in the eurozone may not be settled until this autumn, says Lithuania's Finance Minister Rimantas Šadžius. Asked to comment whether Greek banks will open on Monday, the minister said he was not sure.

Debt-ridden Greece will hardly be able to pay 1.6 billion euros to the International Monetary Fund (IMF) by June 30 without external financial support, Lithuania’s Finance Minister believes.

The Bank of Lithuania has issued into circulation a 5 euro collector's coin, dedicated to literature (from the series Lithuanian Culture); it was presented at the Writer's Club in Vilnius to a group of writers and lovers of literature, the central bank said.

The new 20 euro banknote and its innovative security features were presented at the Bank of Lithuania on Tuesday, 5 May. The new 20 euro banknotes, from the Europa series, will be put into circulation across the euro area on 25 November 2015 and will circulate together with the current banknotes of ...