Since the new year Lithuania adopted Euro currency and became a full member of the European Monetary Union. And one of the few EMU countries that fully meet the Maastricht criteria in terms of debt level and budget deficit (national public debt not exceeding 60% of GDP and national budget deficit at or below 3% of GDP. See the history of these indicators among EMU countries on the animated bubble chart). Paradoxically, since the beginning of European debt crisis, indebtness of most countries has increased. Only Germany was able to reduce its level of debt since 2010.
Whether the last efforts of ECB and European political authorities will be enough to resolve this situation in the future? Look at the IMF projections to 2019
All data comes from the last IMF World Economic Outlook database
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