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25 November 2024
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Euro is “not something to kill yourself over”

 
Vitas Vasiliauskas, Chairman of the Bank of Lithuania

Adopting the euro is "not something to kill yourself over," says Lithuania's central bank governor. It's a common sentiment in the region.

First join the European Union, then qualify for the euro. That was the path laid out for the countries of Eastern Europe that wanted to weld themselves to the West. Euro membership proved that a country had the discipline to join one of the world's most exclusive clubs.

The Greek crisis has slowed the rush to join. On June 7, Latvia's central bank governor, Ilmars Rimsevics, said the euro shouldn't be introduced in his country "at any price." His Lithuanian counterpart, Vitas Vasiliauskas, said two days later that the goal of adopting the euro in three years is "not something to kill yourself over."

Read more at:
http://www.businessweek.com/magazine/content/11_27/b4235017725502.htm

Category : News



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