Smooth switch-over to the euro in Lithuania next year would increase consumer confidence in the common European currency, says Ramūnas Vilpišauskas, director of the International Relations and Political Science Institute of Vilnius University.
Ramūnas Vilpišauskas
© DELFI / Šarūnas Mažeika

“I think that smooth management of this process would have positive effects on public opinion and the public would be more open to the euro, in particular as the monetary policy in Lithuania would basically remain unchanged given the fixed exchange rate of the litas against the euro. It would only be the appearance of the currency that would change,” he told the LRT radio on Monday.

Changes in confidence and public approval or disapproval of this project might be very much affected by actual changes in prices triggered by the changeover, he said.

“The experience of other Baltic countries shows that those fears (of spike in prices) have not come true,” Vilpišauskas said.

Lithuania plans to adopt the euro next year.

BNS
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