Wed, 15 Jun 2011: Race for euro adoption slows…



“We hope that these changes won’t have an impact on budget planning. When the euro isn’t an immediate target, there’s less incentive to cut the deficit.” Lithuania’s government should decide when it will adopt the euro only after meeting all the necessary criteria, as the situation in the currency union may change, Finance Minister Ingrida Simonyte said last month. “The costs and benefits of being in the eurozone now look somewhat different to what they seemed a few years ago,” Simonyte told Ziniu Radijas on May 23.“I’m not sure how much of these costs are acceptable to us.” Potential entrants outside the Baltic region have also changed their stance, with Poland, the ... Read the rest of this entry »

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