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International Internet Magazine. Baltic States news & analytics Monday, 25.06.2018, 11:14

Swedbank: Lithuania and Latvia are likely to meet Maastricht criteria in 2013

Danuta Pavilenene, BC, Vilnius, 02.08.2012.Print version
Swedbank economist says that Lithuania and Latvia are likely to meet the Maastricht criteria in the early 2013 and from 2014 the countries may be able to take full advantage of the benefits offered by the membership in Economic and Monetary Union.

However, it is likely that Lithuania will not make an official goal to adopt the euro. In this case Lithuania may have to wait until the next decade for another opportunity, informs LETA/ELTA.


According to Chief Economist at Swedbank Nerijus Maciulis, Lithuanian politicians avoid making decisions and even discussing the subject because of the recent fall of the euro popularity and the public's trust in the future of the single currency. However, the economist points out that the risk of the euro future is not high enough to forget a long-term strategic goal of Lithuania.


The passive attitude of the responsible Lithuanian authorities is also reflected in the survey of the Eurobarometer which reveals that 60% of residents in Lithuania say that they do not get enough information about the euro. However, the study conducted by the European Commission shows that 44% of population support the euro adoption and 5% have not decided yet.


Maciulis says that the euro benefits are tangible and easily measured.


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