Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-05-15-Speech-1-070"
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"en.20060515.14.1-070"2
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"Tomorrow we will await the European Commission's Convergence Report covering Lithuania. I hope that this will recognise that Lithuania has made strong economic progress and satisfies many of the criteria laid down in the Maastricht Agreement.
The acceptance of Lithuania to the Euro zone should not be delayed on the grounds of a slight mismatch with the inflation indicator, because, according to the Treaty Establishing the European Community, inflation criteria can be interpreted quite broadly.
Lithuania has not used artificial measures to reduce inflation, and the somewhat higher level of inflation has been caused by rises in the cost of global energy resources. I believe that Lithuania could be admitted to the Euro zone on economic grounds, bearing in mind its rapid economic growth.
I would go so far as to say that this uncertainty in the application of the Maastricht criteria is a matter of political importance and should be included in the agenda of the summit of EU leaders in June."@en1
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