Wednesday, December 31, 2014

Lithuania: On the Cusp

   Well, not really on the cusp, more like on the brink, the brink of stepping away from their next door neighbor: the home of Mad Vlad the Putin.  Tomorrow, the country of 3 million will join the Euro currency bloc, becoming No. 19 of the union.  A recent poll indicates a 63% majority favors the move.  Since gaining independence from Russya after 50+ years under the Cossack boot,   Lithuania seeks closer economic ties with Europe as a hedge against Russyan economic collapse because of Western sanctions and the plummeting of the price of oil and the devaluation of the fiat money rouble, now worth half from only 6 months ago.   Cuba and China have both decided Russya is a bad bet, as long as sanctions are preventing foreign investment, and banks are forbidden from making ties with their Russyan counterparts.
     All predictable when the leader of the largest country on earth goes after another little slice of pie down south near Sochi on the Black Sea.
    When will Mad Vlad wake up? Never?
Happy New year to All Lithuanians and welcome to the club.

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