Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Lithuania to become next eurozone member after majority vote

Jul 16, 2014
From wire reports, VILNIUS

Lithuania to become next eurozone member after majority vote

Lithuania will officially join the eurozone on January 1, 2015 after EU parliament members gave the country the green light today.

Lithuania will become the eurozone's 19th member after Latvia joined the eurozone earlier this year.

The European Parliament confirmed the position of the Economic and Monetary Affairs Committee on Lithuania's adoption of the euro with a large majority. A total of 545 MEPs voted in favor, 116 against.

"Lithuania fulfills all the criteria. The government and the national parliament have worked hard over the last years", said MEP Werner Langen, the European Parliament Rapporteur on Lithuania's adoption of the euro.

He added: "Lithuania's accession to the euro is a strong signal for a strong common currency which has successfully fought back the financial market crisis and speculative attacks. With 19 members, the eurozone comprises almost two thirds of EU Member States. This is indeed a clear sign of success."

Langen added that Europe was on the right track towards ensuring economic stability.

He said: "Lithuania has shown enormous effort since its unsuccessful first application in 2006. Now it is the third of the Baltic States to introduce the euro.

"Europe is on the right track with its enforced Stability and Growth Pact, the pre-emptive surveillance of the national budgets and the structural reforms in the member states. Welcome, Lithuania, to our forward-looking community of a common currency."

 MORE NEWS
  • Baltic farmers urge Brussels t...
    Baltic farmers will turn to the European Commission with calls for a solution to R...
  • NATO military bases in Baltics...
    The establishment of NATO military bases in the Baltics will give rise to an arms ...
  • Lithuania signs major gas deal...
    Liquefied Natural Gas (LNG) supply and natural gas trading company Litgas, a part ...
  • Security gears up ahead of Oba...
    Up to 300 defense forces members will be used to provide additional securi...
  • Human traffic victim from Latv...
    A Latvian woman believed to have been trafficked into the UK and imprisoned has...
  • Lithuania FM in Ukraine for ta...
    Minister of Foreign Affairs of Lithuania, Linas Linkevicius, is paying a visit ...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.