Lithuania & the Euro

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 !