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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 09:58

Euro will ensure Lithuania's economic, financial stability - leader of Opposition

BC, Vilnus, 24.07.2014.Print version
Andrius Kubilius, the leader of the Seimas Opposition, Chair of the political group of the Homeland Union - Lithuanian Christian Democratic Party (TS-:LKD), is glad that Lithuania has succeeded to receive the final approval to introduce the euro from 2015, informs ELTA/LETA.

"The decision of the European Union Council of Ministers is a final confirmation that Lithuania will achieve the long-desired aim of the financial policy - the introduction of the euro. It is a historic achievement of Lithuania that we have been consistently seeking since 2009 by overcoming the economic crisis and learning from the first unsuccessful attempt of the social democrats to introduce the euro," says the former Prime Minister Kubilius.


According to the leader of the Opposition, the euro will help Lithuania to ensure economic and financial stability in the country as well as to harness the populism of the domestic politics in the same way as it allowed to harness the current ruling Coalition during the deliberation of draft laws necessary for the introduction of the euro.


The chair of the political group of the TS-LKD reminded that 3 out of 4 partners of the Coalition had not supported the euro adoption, yet facing the inevitability of the introduction of the euro was forced to soften its populist rhetoric.


As reported, on Wednesday the European Union General Affairs Council of Ministers adopted the final decision on Lithuania's participation in the Economic and Monetary Union (EMU) from 1 January 2015. From this date Lithuania will become the 19th full-fledged member of the eurozone, which will start using the euro as the single currency of the European Union.

 






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