Double tags have appeared in the country in the summer
On January 1, Lithuania finally passed in the eurozone. Economy of the country is ready for this for two years, and since the summer the locals were buying all at double the price tag. The former national currency will go for another two weeks, after which will conclude its 23-year history. What will change and have changed with the advent of the euro Lithuania?
Supporters of the change of the litas to the euro in Lithuania now most: according to opinion polls, more than 60%. But more of those prepared in this connection to an increase in price. As the newspaper writes The Independent, 80% of today. Panic, and business is warned about the punishment for speculation, many local retailers have signed a gentleman’s agreement that will not inflate. Nevertheless, consumers go shopping armed with calculators and psychologically still attached to their native currency – such data come from Vilnius.
Denis Tarasenko
correspondent for the Russian news agency Regnum
Lithuanians had the opportunity to get used to the single European currency – this is the second attempt to European integration in the country. Previous – in 2007 – failed due to inflation, which the authorities were unable to cope. At this time, Lithuania has fulfilled all the requirements for joining the euro: the budget deficit not exceeding 3% of GDP, public debt below 60% of GDP and rising prices – not more than 1.5% higher than the top three of the EU.
Lithuanian Central Bank evrointegrirovalsya under the slogan “The closer we get to the West, the farther from the East. And this movement to safety. ” In fact, it is only the safety of the local political elite, told Business FM Vladimir Bruter.
Vladimir Bruter
expert at the International Institute of Humanitarian and Political Studies
At the same time, the central bank of Lithuania declares that the adoption of the euro is beneficial first of all Lithuanian banks that will be able to save on international transactions. They will cost exactly the same as domestic, and now the commission on such transactions more than tenfold. About other benefits for the economy speak with caution, but with an eye on the neighbors. Thus, the GDP of Estonia in the year of transition to the euro was up 9.6%. The unemployment rate decreased by 4%. A Latvian GDP that adopted the euro a year ago, the World Bank predicts will grow by nearly 4%.
Experts believe that the adoption of the euro even further reduce the flow of Russian tourists to Lithuania because of the ruble.
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