Spectator on facebook

Spectator on facebook

FOCUS SHORT

Lithuania to enter eurozone in 2015

LITHUANIAN Finance Minister Rimantas Šadžius has confirmed Lithuania’s goal of entering the eurozone in 2015, even though he admitted that there may be delays. Lithuania will be the last of the three Baltic countries to adopt the European single currency, the TASR newswire wrote on July 4.

LITHUANIAN Finance Minister Rimantas Šadžius has confirmed Lithuania’s goal of entering the eurozone in 2015, even though he admitted that there may be delays. Lithuania will be the last of the three Baltic countries to adopt the European single currency, the TASR newswire wrote on July 4.

Support of adopting the euro among the general public is about 41 percent, while the economic and financial sector shows much bigger support. In general, as much as 54 percent of Lithuanians believe that the euro will bring a positive change, and 33 percent of Lithuanians expressed their conviction that the euro will result in a personal benefit.

Minister Šadžius ascribed the relationship of Lithuanians to the euro as quite peculiar. According to him, in such a small country with the historical national currency of the litas, it is not possible to obtain 100-percent support for entry into the eurozone.

Lithuania re-introduced the litas in June 1993 after the country gained independence. The litas was first introduced in 1922, and was used until 1941 when it was replaced by the Soviet ruble.

Top stories

The art of baking Bratislava rolls Photo

Vienna has Sacher torte, Budapest has Somlói galuska and Bratislava has rolls

Ján Šimunek loves Bratislava rolls, especially those filled with poppy seed.

Parties only protect their market share

Rent seeking behavior and a code of loyalty are not the ways to operate a successful democratic political party.

Interior Minister Robert Kaliňák

Fifth ice cathedral open to visitors Photo

The ice cathedral in the High Tatras will be open during the whole winter season.

Slovak wines in museum of world wines Photo

Slovak winemakers gifted 336 bottles to the museum.