Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

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ART
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Re: Malta & Cyprus welcome , Slovakia too , now Estonia

Postby ART » Wed Jan 01, 2014 9:43 pm

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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby starcapitan » Thu Jan 02, 2014 5:31 pm

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Re: Malta & Cyprus welcome , Slovakia too , now Estonia

Postby mizar » Fri Jan 03, 2014 11:37 am

ART wrote:Image


Nice, they were allowed to get a greeting in correct Latvian (eiro), unlike Slovenia. I'm not sure about Malta, I can't find a larger picture

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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby Mk1992 » Thu Jan 16, 2014 12:54 pm

Lithuania :flag-lt: on track to become Euro-member in 2015!
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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby tabbs » Thu Jan 16, 2014 1:22 pm

Basically right. But after what happened in 2006 (so close and yet ...), you won't hear much more than this "being on track" from the government unless and until there are OK signals from the ECB, the EP, EC and ultimately the Council.

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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby Mk1992 » Fri Jan 17, 2014 10:38 am

The article I read referred to the Lithuanian budget being in order, therefore matching criteria to join the Eurozone.

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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby tabbs » Fri Jan 17, 2014 3:58 pm

Mk1992 wrote:The article I read referred to the Lithuanian budget being in order, therefore matching criteria to join the Eurozone.

May well be so, and may even be that the inflation rate now meets the criteria. Back in March it was a little too high. I just believe that the Lithuanian government wants to be on the safe side this time. When it asked for a convergence report in 2006, the result was that - while all the other criteria were met - the inflation rate (average) was too high: 2.7 percent instead of 2.6 ...

Due to this 0.1 percent difference Lithuania could not get in back in 2007. That is why in my opinion will be more careful this time. In spring (May '14 or so) the EC and the ECB will publish their convergence reports, and then we will see. Would be great if it worked, but if not, the world does not come an end either.

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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby ART » Thu Mar 20, 2014 10:29 pm

The Minister of Finance of Lithuania reiterated that the goal is to enter EMU in 2015 and that the government intends to complete the negotiations by July.
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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby Ares » Tue Apr 08, 2014 2:03 pm

Looks like things are going relatively well.

EU Lawmakers Back Lithuania’s Bid to Join Euro Currency in 2015

European lawmakers endorsed Lithuania’s bid to adopt the euro, with the ex-Soviet republic scheduled to become the 19th member of the single currency next year.

Approval by the European Parliament’s economic and monetary affairs committee in Brussels today means Lithuania remains on course for final consent in July to join the bloc on Jan. 1.

...

http://www.bloomberg.com/news/2014-04-0 ... -2015.html

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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby evaldas1982 » Fri May 30, 2014 11:12 pm

It's almost confirmed for Euro in Lithuania in 2015 :) At least everyone says that on our news:D
The Mint of Lithuania tarted making Euro coins with 2015 date already.
Screen shot 2014-04-16 at 10_22_21 AM(2).png
Screen shot 2014-04-16 at 10_22_21 AM(2).png (235.17 KiB) Viewed 2740 times

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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby mizar » Sat May 31, 2014 12:25 am

Cool, so I can really start planning a Baltic tour next year to collect the coins and some dots :)

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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby tabbs » Sat May 31, 2014 12:54 am

evaldas1982 wrote:The Mint of Lithuania tarted making Euro coins with 2015 date already.

Those coins (well, a few :) ) you can already see at an exhibition in Kaunas, until the end of June. The Bank of Lithuania shows "The Vytis - From the Lithuanian Denar to the Euro" there, and that includes the newly made euro and cent pieces.

As for the entry being "almost confirmed", yes, I think so too. Due to what happened in 2006 (so close and yet so far ...), there would certainly have been "signals" in case of any problems with the convergence criteria this time. But in just a few days we will know it for sure: On Wednesday (4 June) the latest convergence reports will be presented.
(ECB) https://www.ecb.europa.eu/press/weekly/ ... ex.en.html
(EC) http://europa.eu/newsroom/calendar/even ... uro_en.htm

Christian

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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby tabbs » Wed Jun 04, 2014 2:06 pm

And yes, the convergence reports sound good. In its reports, the ECB does an assessment of economic data, not really a yay or nay recommendation. Here is the press release: https://www.ecb.europa.eu/press/pr/date ... 04.en.html

The European Commission proposed today "that the EU Council of Ministers decide that Lithuania can adopt the euro on 1 January 2015. The Council will take the final decision on the matter in the second half of July, after EU Heads of State and Government have discussed the subject at the 26-27 June European Council, and after the European Parliament has given its opinion." http://europa.eu/rapid/press-release_IP ... ?locale=en

Christian

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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby evaldas1982 » Thu Jul 24, 2014 1:55 am

atsisiųsti.jpg
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Re: Malta&Cyprus welcome,Slovakia and Estonia too,now Latvia

Postby tabbs » Thu Jul 24, 2014 10:57 am

Welcome indeed! :) Guess that Lithuania will be the last country to become a euro area member state. Well, stability is probably more important than sheer growth. By the way, as the title of this topic does not "cover" Lithuania, we have another one here:
viewtopic.php?f=8&t=55562

Christian


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