Lithuanian govt sticks to 2010 euro entry target

September 19, 2007 at 12:28 pm 4 comments

Lithuanian Euro coinVilnius remains very optimistic about the introduction of Euro in Lithuania in 2009.  The Lithuanian government said on 18 September that it sticks to its position that the most favourable conditions for Euro introduction in the country will be in place from 2010.

Based on information from the Finance Ministry and the Bank of Lithuania on the country’s compliance with the Maastricht criteria, the Cabinet decided not to change its position on the Euro adoption date, the government’s press office said.

This assurance come after a report from the analysts of the SEB Bank on the Lithuania economy was presented to public on the same day.  The evaluation explicitly states that Lithuania is set to miss the Maastricht criteria because of raising inflation.  The bank annalists are convinced that the most realistic date for the Euro introduction in Lithuania could be 2012.

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

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