Lithuania Steps Up to Head European Council

Vilnius inevitably will be drawn further into the debate over how best to extricate troubled European states from their economic difficulties. Lithuania is particularly interested in stabilizing the eurozone since Vilnius hopes to enter the monetary union in 2015.

Eastern Europe: Investing in Tough Times

In the first half of 2012, private equity firms raised more money in Central and Eastern Europe than they did all last year, the greatest increase since 2008. Investors obviously expect future growth in the region.