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Lithuania & the Euro

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Avatar for Jolanta Palumickienė Jolanta Palumickienė
December 03, 2013
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Lithuania & the Euro

Avatar for Jolanta Palumickienė

Jolanta Palumickienė

December 03, 2013
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Transcript

  1. Jolanta Elzbutaitė LITHUANIA the €URO &

  2. WHAT AM I GOING TO TALK ABOUT?

  3. WHAT AM I GOING TO TALK ABOUT? Eurozone

  4. WHAT AM I GOING TO TALK ABOUT? Eurozone Maastricht criteria

  5. WHAT AM I GOING TO TALK ABOUT? Eurozone Maastricht criteria

    Benefits

  6. WHAT AM I GOING TO TALK ABOUT? Eurozone Maastricht criteria

    Benefits Costs

  7. EUROZONE

  8. MAASTRICHT CRITERIA

  9. 1,8 STABILITY inflation PRICE

  10. Criterion indicator 2,2 (LV, SE, IE) 1,8 STABILITY inflation PRICE

  11. Criterion indicator 2,2 (LV, SE, IE) 1,8 STABILITY inflation PRICE

  12. Criterion indicator 2,2 (LV, SE, IE) 1,8 STABILITY inflation PRICE

    1,8

  13. Government deficit GOVERNMENT BUDGETARY POSITION

  14. Government deficit GOVERNMENT BUDGETARY POSITION

  15. <3 % Government deficit GOVERNMENT BUDGETARY POSITION

  16. <3 % Government deficit GOVERNMENT BUDGETARY POSITION

  17. <3 % Government deficit 3,2 % GOVERNMENT BUDGETARY POSITION

  18. General government debt GOVERNMENT BUDGETARY POSITION

  19. <60 % General government debt GOVERNMENT BUDGETARY POSITION

  20. <60 % General government debt 40,5 % GOVERNMENT BUDGETARY POSITION

  21. EXCHANGE RATES 3,4528 15% ±

  22. LONG-TERM INTEREST RATES

  23. LONG-TERM INTEREST RATES Criterion indicator 5,1 (LV, SE, IE)

  24. LONG-TERM INTEREST RATES Criterion indicator 5,1 (LV, SE, IE)

  25. LONG-TERM INTEREST RATES Criterion indicator 5,1 (LV, SE, IE) LT

    3,9

  26. BENEFITS scenarios BASELINE CONSERVATIVE

  27. INTEREST RATES = INVESTMENT CONSUMPTION =

  28. CURRENCY EXCHANGE COSTS 1,9 billion LT

  29. CREDIT RISK

  30. EXPORT

  31. GDP

  32. UNEMPLOYMENT

  33. COSTS

  34. LOSS OF LITAS

  35. LOSS OF ABILITY TO DEPRECIATE CURRENCY IN RECESSION

  36. THE INCREASE OF PRICE LEVEL

  37. THE INCREASE OF PRICE LEVEL 0.2 - 0.3 %

  38. ONE-OFF EURO ADOPTION COSTS

  39. ONE-OFF EURO ADOPTION COSTS 0.6 - 0.9 billion lt

  40. FINANCIAL CONTRIBUTIONS

  41. FINANCIAL CONTRIBUTIONS 1 billion lt

  42. FINANCIAL CONTRIBUTIONS 1 billion lt 148 million lt

  43. How much could have Lithuania saved if it had adopted

    the euro in 2007? 6,2 - 7,8 billion LT

  44. How much could have Lithuania saved if it had adopted

    the euro in 2007? 6,2 - 7,8 billion LT

  45. REFERENCES http://epp.eurostat.ec.europa.eu/statistics_explained/ index.php/Glossary:Maastricht_criteria ! http://lb.lt/ impact_of_the_euro_adoption_on_the_national_economy_an_overv iew_of_the_quantitative_assessment ! http://lb.lt/euro !

    http://www.worldissues360.com/index.php/the-benefits-and- disadvantages-adopting-the-euro-5835/

  46. Thank you !