MPs move to hold 'euro referendum'

  • 2005-08-24
  • By TBT staff
VILNIUS 's MPs from non-influential parties and members of the Civil Initiative Group have asked the Central Electoral Committee for a permit to collect signatures in support of a referendum on introducing the euro.

The initiators hope the electorate will approve postponing the introduction of the euro, currently scheduled for 2007. The precise date for the currency change should be later decided by a "People's referendum," the MPs said.

"In my opinion, the proposal is flawed, as the replacement of the litas with the euro is not a political, but an economic-financial problem, which has to be solved by professional economists, not by a majority by way of plebiscite," political scientist Lauras Bielinis told the Baltic News Service.