Lithuania's eurozone entry is a big problem for Germany

Thanks to the ECB's peculiar system of governance, eurozone monetary policy will soon no longer require approval of all member states.

Next year, Lithuania will join the eurozone as its 19th member. The direct impact of Lithuania’s accession will be negligible. The small Baltic nation only adds three million people and a GDP the size of Naples to Europe’s monetary union. At least numismatists can look forward to another set of euro coins.

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