It's not based on intention

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What can a Visa merchant services do to help your company? You might be surprised. Talk to colleagues in your field of business Wholesale Los Angeles Rams Jerseys , and chances are many of them already have a visa merchant services. Basically, the way it works is that a bank or
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VILNIUS, July 22 (Xinhua) -- Euro adoption will allow Lithuania to reap full benefits of the EU integration, said chairman of the central bank of the Baltic
country during an interview with Xinhua here on Tuesday.


"Joining the eurozone means fulfilling our legal obligation under the EU treaty and strengthening our EU integration, and we expect the euro will have a
positive long-term effect on the economy," Vitas Vasiliauskas Wholesale Indianapolis Colts Jerseys , chairman of the central bank, said to Xinhua.


The common single currency is likely to increase foreign trade by 5 to 10 percent, as the experiences of other euro area countries suggested, according to
Vasiliauskas.


Lithuania is also expecting that euro adoption will lead lower interest rates on loans to the non-financial corporations and households of the Baltic country,
Vasiliauskas pointed out.


"Increased exports and lower interest rates would result in higher economic activity and employment Wholesale Houston Texans Jerseys ," said Vasiliauskas.

Lithuania is working on joining the euro zone not only because of the legal obligation as it has committed to introducing the euro under the EU treaty, but
also due to policy consistency, illustrated by Vasiliauskas.


Lithuanian currency, litas, was re-pegged from the U.S. dollar to the euro in 2002 Wholesale Green Bay Packers Jerseys , marking a clear stance that Lithuania intended to seek closer monetary integration with the eurozone.


A further step was seen on the same track in 2004 when Lithuania joined the Exchange Rate Mechanism.


"Therefore, euro adoption is a logical next step that would cement our European integration. It is also a confirmation that our European orientation is
focused, consistent and irreversible," Vasiliauskas concluded.


Concerning risks of joining the single currency bloc, the chairman predicted that "no significant new risks are emerging with the euro adoption".


The reason lies in Wholesale Detroit Lions Jerseys , according to Vasiliauskas, that "the economy of Lithuania has been strongly related to the euro area for quite a long
time already, and euro could be seen as Lithuanian de facto currency".


It's not based on intention and enthusiasm for a member state of EU to join the eurozone. To be eligible, it has to comply with five main criteria set out
in the Maastricht Treaty in 1992.


According to the criteria, annual inflation should be a maximum 1.5 percentage points above the average of the three best performing EU countries;
the budget deficit should be at most 3 percent of GDP; government debt cannot
exceed 60 percent of GDP.


"In the past years Wholesale Denver Broncos Jerseys , Lithuania introduced new and more powerful tools to ensure stable economic growth and further convergence: the fiscal
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Posted 25 Aug 2018

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Posted 27 Aug 2018

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