Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-05-31-Speech-3-198"
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"en.20060531.18.3-198"2
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"Although I am not from Lithuania, in the context of the matter under discussion, I would like to comment on the matter of Lithuania’s joining the euro zone. For a number of years now the country has achieved good economic results which would be a cause for jubilation in the vast majority of euro zone countries. Lithuania has achieved robust long-term economic growth approaching 10% of the GDP. For a long time, and with a great deal to spare, it has also met the Maastricht criteria for the public spending deficit, for public sector debt and long-term interest rates, unlike most of the euro zone countries. In only one criterion did the country exceed the 2.6% reference level by one tenth of a percent in the last evaluation period, although it had met the target for several years before that.
My friends, joining the euro zone should not be like an athletics event, where a one-tenth measure decides on whether you qualify or not. The postponement of Lithuania’s entry is an insensitive decision. It will be a cold shower for future candidates."@en1
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