Lithuania’s President against suggestion to soften up Maastricht criteria

Posted by editor on 10/29/09 • Categorized as Economy Watch, Finance • Print This Post •

2 Lithuanian Euro coint The top Lithuania’s official, the former EU Commissioner, Lithuania’s President Dalia Grybauskaite has repeated once again that she is against of any suggestions to soften Maastricht criteria to the EU countries, which are willing to adopt the Euro.

She repeated her opinion after meeting with Guy Verhofstadt, Member of the European Parliament and the Chairman of the Alliance of Liberals and Democrats for Europe (ALDE). The Presidential Spokesperson Linas Balsys communicated Grybauskaite’s message ‘President has emphasized that such proposals, for example, to ease Maastricht criteria, are faulty and unnecessary. They [the criteria] mobilize governments, force them to pursue stronger discipline, to follow fiscal discipline rules as strictly as possible’.

However, Lithuania’s Prime Minister Andrius Kubilius has a different opinion and stated at the beginning of October that the Maastricht criteria should ‘get a more reasonable foundation’.