News in English

2014.01.24 14:32

PM: Political elite demonstrates consensus on euro

DELFI|The Lithuania Tribune2014.01.24 14:32

Lithuania’s Prime Minister Algirdas Butkevičius is content that the majority of the Seimas adopted the laws which were opening the door to the euro introduction in Lithuania, The Baltic Course informs with reference to the news agency ELTA.

 Lithuania’s Prime Minister Algirdas Butkevičius is content that the majority of the Seimas adopted the laws which were opening the door to the euro introduction in Lithuania, The Baltic Course informs with reference to the news agency ELTA.

“The voting on the amendments to the Law on the Bank of Lithuania and State’s Control which was taking place in the Seimas demonstrated joint consensus of the coalition and all the political elite on the euro. This demonstrates that our striving for the strategic state’s objective – the adoption of the euro – is based on the understating of significance and need of it [euro adoption- TLT],” said the head of the Government.

According to Butkevičius, the Law on the Euro Introduction, which was to be discussed in spring 2014, has become a basis to answer the society’s questions about the euro introduction.

“The society needs the answers to the questions related to the single currency of the European Union,” said Butkevičius.

As the Lithuanian Parliament approved of the draft law on introduction of the euro in Lithuania and its secondary legal acts on Thursday, Lithuania will meet the Maastricht criteria that demand the country to harmonise its national legal acts with the EU legislation.

Yesterday, 103 MPs voted in favour of the draft law submitted by Minister of Finance Rimantas Šadžius, three MPs were against it, while two MPs abstained.

According to Šadžius, the almost unified voting demonstrated “the strong political will to introduce the euro in Lithuania”.

Up to date, Lithuania has not fully complied with one of the Maastricht criteria – legal compatibility. The national law has not been fully consistent with the provisions of the Treaty on the Functioning of the European Union, the Treaty on the System of European Central Bank (ECB) and the Status of the ECB, the Baltic Course informed.