Commission assesses eight EU countries’ readiness to join the euro area; proposes that Lithuania join in 2015

EU News 258/2014

Brussels, 4 June 2014
IP/14/627

The European Commission has today released its 2014 Convergence Report, which assesses eight Member States' readiness to join the single currency. These countries have made uneven progress on the road to euro adoption, but Lithuania stands out from this group as it now fulfils the convergence criteria.

The Commission is therefore proposing that the EU Council of Ministers decide that Lithuania can adopt the euro on 1 January 2015. The Council will take the final decision on the matter in the second half of July, after EU Heads of State and Government have discussed the subject at the 26-27 June European Council, and after the European Parliament has given its opinion.

Source and additional information:
http://europa.eu/rapid/press-release_IP-14-627_en.htm?locale=en

Olli Rehn Date: 04/06/2014 Reference: P-025744/00-09 Location: Brussels - EC/Berlaymont (C)EU, 2014 URL

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