Lithuania will join the Eurozone, when it is ready, President of Lithuania Dalia Grybauskaite said during a joint press conference with President of Latvia Andris Berzins on 12 June, bnn-news.com reports.
«Lithuania will join the Eurozone when it is fully prepared and when the Eurozone will be ready to welcome new members,»- she said.
At the same time she wished Latvia to achieve the goals set for the future.
Lithuanian President admits: inflation could cause major problems when introducing Euro. «It is a very complicated process, which can easily be affected by external factors.»
Meanwhile, in relation to the restoration of railway connection, the President points that the hub between Mazeiki and Liepaja needs to be advantageous for both Latvian and Lithuanian companies.
«At least we do not create pressure from our side [Lithuanian], it is a strategy for searching for mutual benefits. It will be as both companies decide it should be,» – Lithuanian President said.
As previously reported, during his last meeting with Lithuanian Foreign Affairs Minister of Lithuania Audronius Ažubalis, Foreign Affairs Minister of Latvia Edgars Rinkevics also noted that both Latvian and Lithuanian responsible industry ministries need to act more openly and effectively in the process of restoring the important direction from Mazeiki to Rengi and from Vainodi to Liepaja.
Azubalis proposed creating a joint Latvian-Lithuanian work group on transport issues.
In December, 2010, Manager of Lietuvos gelezinkeliai railway company Statsis Daidlidka promised to restore the railway connection on the Mazeiki – Renge by May 2012. Because of the conflict of the Orlen Lietuva oil company with the Lithuanian railway company in 2008, the railway section of 19.5 km was suddenly closed down allegedly because of bad railway condition, which required emergency repairs. Because of this, the owner of Orlen Lietuva – Polish PKN Orlen – was forced to use a longer and more expensive export route to Riga port.
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Michael
You couldn’t say it better:
“…If governments were individuals they would be institutionalised for their own safety…”
Euro zone is technically bankrupt and Lithuanian president wants to join them????
C’mon, who does she want to fool?
Obviously, she thinks that Lithuanians are idiots!
I suspect the sector looking forward to their nation being submerged in the Euro zone will consider the ramifications of doing so. I presume they do so in order to access massive funding. There is no such thing as a free lunch. You can’t run a household, or a country, on a credit (debt) card. It is fool’s gold. Spain’s experience should be a warning.
Come into my parlour said the spider to the fly: Given easy access to unheard of ECB bankers’ largesse it unleashed corporate and political corruption. The spending was worse than extravagant and wholly unnecessary. Now they go cap in hand to borrow from the same banking institutions whose draconian interest rates got them into trouble in the first place. If governments were individuals they would be institutionalised for their own safety.