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Lithuania to apply for membership in Eurozone next spring

July 18, 2013, 12:07 UTC+3
According to the Prime Minister Algirdas Butkevicius, currently Lithuania fully conforms to the Maastricht criteria set for the applicants for the eurozone
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Photo EPA/ITAR-TASS

Photo EPA/ITAR-TASS

VILNIUS, July 18 (Itar-Tass) -Lithuania will forward an application to the European Commission next spring, asking for membership in the eurozone, Lithuanian Prime Minister Algirdas Butkevicius told Ziniu radio on Thursday.

According to the prime minister, currently Lithuania fully conforms to the Maastricht criteria set for the applicants for the eurozone. Earlier, the inflation rates in Lithuania had been a little higher than permissible, whereas for the past two months Lithuania has been showing deflation, the prime minister said.

The state budget for the next year has been planned strictly in accordance with the principles of the fiscal discipline, the prime minister added.

Lithuania is planning to join the eurozone in 2015. IMF Managing director Christine Lagarde declared in Vilnius last week that IMF welcomes Lithuania's aspirations to join the eurozone.

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