Paul Graig Roberts exlains what is going to happen to Lithuania who joined the Euro: http://www.paulcraigroberts.org/2015/02/10/lithuania-media-interview-pcr/ h

Paul Graig Roberts exlains what is going to happen to Lithuania who joined the Euro: http://www.paulcraigroberts.org/2015/02/10/lithuania-media-interview-pcr/ http://www.paulcraigroberts.org/2015/02/10/lithuania-media-i... "...by accepting the euro, your government accepted a loss of sovereignty. You cannot be a sovereign state if you don’t have your own money. If you don’t have your own money, you can’t finance your own government. So this is all the trouble that we see in Greece, in Spain, Portugal, Ireland, Italy. These are governments that are not sovereign, because they don’t have their own money and therefore they cannot finance themselves, they have to rely on foreign private banks to finance them and their creditors are more powerful than the governments and so when the countries have difficulty paying, the creditors may impose austerity on them and loot the countries; Greece is being looted. How do you loot a country? You tell them their pensions have to be cut, their employment has to be cut, social services have to be cut, so that there’s money to pay the banks...."