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Published: 25 february 2013 12:34

Lithuanian government endorses euro introduction plan

Eurozona prarado savo buvusį blizgesį.
„Reuters“/„Scanpix“ nuotr. / Euro

The Lithuanian government approved in principle a euro introduction plan that calls for setting up strategic and coordination commissions and working groups.

"Today, we have reached an agreement in principle that the work will be carried out at several levels," Finance Minister Rimantas Šadžius told reporters after the Cabinet's meeting on Monday.

"At the strategic level, a commission for the introduction of the euro in Lithuania will be established, with the prime minister as its chairman. At the coordination level, we will create a large working group headed by the finance minister," he said.

At the expert level, at least six working groups will be set up, he said.

The minister also said that amendments will be made to the National Changeover Plan, which was approved back in 2005.

Šadžius said what the authorities can do in order to meet the Maastricht criteria and keep inflation in check is to maintain fiscal discipline. However, he added that prices administered by the central or local governments could be reviewed more carefully and not raised unless necessary.

Lithuania aims to join the eurozone in 2015.

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