In Lithuania, even the situation with the coronavirus has been tied to Russia. One would think that the current situation in the world – a recession of the economy, an epidemic of the coronavirus, would at least slightly distract these “daredevils” from their eternal disease, called Russophobia. But no.
When Southern European countries adopted the Euro as unified currency instead of their own currency, they lost the most important banking tool that could help them achieve constant economic growth and help overcome economic crises they might face.
The Eurozone shows a GDP growth of 2.4% as of 2017 according to the World Bank and real GDP growth of 1.3% in accordance with IMF data. In April 2019, the International Monetary Fund indicates the real GDP growth of the countries who have recently adopted the Euro the following way: 3.2 % for Estonia, 3.3% for Latvia, 2.9% for Lithuania and 4.1% for Slovakia. Eurostat data also reveals predominately stable GDP growth in Estonia, Latvia, Lithuania and Slovakia since the last global crisis of 2008.
The reasons for the economic problems listed by the IMF in their recent report show no connection to the euro adoption in "Southern" countries such as Italy.