Iceland's Jon Baldvin Hannibalsson: Euro is a currency in search of a state
Tuesday, July 15, 2014
DELFI observer Ramūnas Bogdanas interviews former foreign minister of IcelandJon Baldvin Hannibalsson who was the strongest supporter of Lithuania's independence in 1990-91 among all Western politicians. He closely continues to monitor the development of Lithuania.
Jon Baldvin Hannibalsson was the foreign minister of Iceland in 1988-95. Under his leadership, Iceland was the first country to recognize the restored independence of Lithuania. Already since March, 1990, Hannibalsson was one of the main supporters of Lithuanian freedom on the international scene. In January, 1991, despite the displayed discontent of the USSR, he became the only minister of a NATO country to come to Vilnius and to express solidarity with Lithuania during the Soviet aggression.
Euro area finance ministers, whose recommendations on Lithuania’s accession to the euro zone were finally endorsed by the European Union’s (EU) finance chiefs last week, are waiting for Lithuania to join the euro bloc, Lithuania’s Finance Minister has said.
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Estonia and Lithuania have so far failed to agree on how the Baltic power grids are to be synchronized with the Western European system and a memorandum of understanding will not be signed during the EU summit on Thursday, as planned, Lithuanian Energy Minister Žygimantas Vaičiūnas said, adding that this might be done later this year.
The Baltic prime ministers say that their countries are ready for Zapad, a major military exercise to be held jointly by Russia and Belarus in September, and feel safe after NATO partners have deployed additional capabilities in the region.
Two terminals could operate on the eastern coast of the Baltic Sea controlled by the three Baltic states – in Lithuania's Klaipėda and in Estonia, which could build a small terminal, Lithuania's Prime Minister Saulius Skvernelis stated on Friday. In his words, the two terminals would supplement each other along with the Inčukalns gas storage facility in Latvia.