Lithuania will introduce the euro when the Eurozone is going to be ready for expansion, Prime Minster Andrius Kubilius said in interview to LRT Radijas on 27 August. The Prime Minister also added that he does not see any problems for Lithuania in meeting the Maastricht criteria necessary in joining the single European currency in 2013.
“The euro remains our strategic goal. Nevertheless, we’d like to see a clearer and more stable situation in the Eurozone at the time when we adopt the euro,” Prime Minister Kubilius assured.
“According to our plans, next year the public deficit should not exceed 2% of GDP. I would like to remind that the Maastricht criterion is 3%. At the same time, the public debt will remain smaller than 40 %, as compared with the Maastricht criterion of 60 %. I hope that the Maastricht inflation criterion, which is mostly affected by the global crude prices and, it seems, by the situation in Europe itself, will not be a major problem for Lithuania next year,” Kubilius said in an interview to LRT Radijas on Tuesday.