The Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, will meet on Friday with Jens Weidmann, Chairman of Deutsche Bundesbank (the Central Bank of Germany), to whom he will introduce the country’s preparedness to adopt the euro and will present the most up-to-date information on Lithuania’s economy...
The Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, will meet on Friday with Jens Weidmann, Chairman of Deutsche Bundesbank (the Central Bank of Germany), to whom he will introduce the country’s preparedness to adopt the euro and will present the most up-to-date information on Lithuania’s economy.
“In this half-year the euro area countries will express their opinion on whether Lithuania is ready for the euro. Therefore, aiming for objective assessment, it is very important for the heads of the central banks and the residents of the countries that make the decision on the expansion of the euro area, to be provided with first-hand information on the Lithuanian economic situation and outlook”, says V. Vasiliauskas.
V. Vasiliauskas this half-year plans a meeting with heads of other euro area country central bank heads and economists, to whom he will present Lithuania’s economic development and the prospects of euro adoption in Lithuania.
Last month V. Vasiliauskas met with the Governor of the Central Bank of France, Christian Noyer, and the Governor of the Central Bank of Austria, Ewald Novotny.
In June the European Central Bank and the European Commission will present an assessment on whether Lithuania has met the euro membership criteria. The final decision on the euro adoption in Lithuania in 2015 will, hopefully, be made mid-year.