Bank of Lithuania
2013-01-25
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On Friday, in a meeting with Prime Minister Algirdas Butkevičius and the Minister of Finance Rimantas Šadžius, the Chairman of the Board of the Bank of Lithuania, Vitas Vasiliausias, announced that, having set a specific purpose regarding the euro, it is necessary to face two key challenges.

“In assessing compliance with the Maastricht criteria, there are two main things—inflation and fiscal discipline. They will require the most attention,” said V. Vasiliauskas.

According to him, because of the currency board arrangement that operates in Lithuania and the consequent limited opportunities to control inflation, the country should not use artificial means to meet this criterion.

“Reliable, solid participation in the euro zone is what we want,” said the Head of the Bank of Lithuania.