Lithuanians like EU but not too keen on Euro, yet

October 19, 2007 at 7:29 pm 1 comment

Lithuanian Euro coinAs the Transport Minister Algirdas Butkevicius said to the BNS on Thursday, high inflation would prevent Lithuania from entering the eurozone in 2010.  “There are no chances of introducing the euro in 2010,” Butkevicius, a former finance minister, said during the so-called government’s hour at the parliament.  Some experts predict that 2012 is more realistic date for the move.

However Lithuanians themselves are not to keen to see Euro yet.  According to an opinion poll commissioned by the European Commission Representation even though 34 % of Lithuania’s population supports the introduction of euro, however, 67 % are against an early introduction of Euro.

Further more, 44 % of the Lithuanians believe that their country is fully capable of competing with other EU Member States.  According to the same poll the Lithuanians also appreciate the country’s membership in the European Union (EU) with about a half of population being certain that membership gives a boost to Lithuania’s democracy.

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Entry filed under: Baltic States, Economics, EU, Lithuania, Northern Europe. Tags: .

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