News

2013.07.25 14:42

Šadžius: Eurozone membership to have political and economical advantages

DELFI.lt2013.07.25 14:42

Finance Minister Rimantas Šadžius delivered a speech on the situation of the European Union economy, the development of the economy and the single currency in the eurozone in the event organised by the French-Lithuanian Chamber of Commerce for the Lithuania’s Presidency of the European Union Council, writes the Baltic Course with reference to the news agency ELTA. 

Finance Minister Rimantas Šadžius delivered a speech on the situation of the European Union economy, the development of the economy and the single currency in the eurozone in the event organised by the French-Lithuanian Chamber of Commerce for the Lithuania’s Presidency of the European Union Council, writes the Baltic Course with reference to the news agency ELTA.

While presenting the priorities of Lithuania’s Presidency of the European Union (EU) Council, Šadžius said that one of the priorities was openness. According to the Minister, the openness meant not only the opportunity to join the eurozone but the openness for the eurozone as well.

According to Šadžius, Lithuania sought for integration into the EU and was preparing for the eurozone membership in 2015.

“The issues that are important for the eurozone countries are important for the entire EU and we want to be part of it. The eurozone membership would be beneficial for Lithuania not only from the perspective of politics, but from the perspectives of economy as well. We have come a long way and we hope that Lithuania will be able to adopt the euro in 2015,” said Šadžius.

While trying to achieve that the processes related to the European Union (EU) support would be as transparent as possible, the Government agreed with the suggestion of charging the intermediate institutions with the demand to coordinate all planned structural changes with the Ministry of Finance before they were started.

Lithuania’s Minister of Finance highlighted that the Ministry of Finance, as compared to other Lithuania’s ministries, had an additional responsibility related to the EU support and was the leading institution.

“The particular management and control system for the administration of the EU support is created in every state. After the arrangement of such a system, the European Commission has to confirm it. The leading institution in Lithuania is the Ministry of Finance and the intermediate institutions are other ministries. It is important to mention that the concrete works related to the implementation are performed by other institutions called agencies,” said Šadžius after the Government sitting on Wednesday.