Smooth transition to euro will boost consumer confidence, political analyst says

Ramūnas Vilpišauskas
DELFI / Šarūnas Mažeika

“I think that smooth management of this process would have positive effects on public opinion and the public would be more open to the euro, in particular as the monetary policy in Lithuania would basically remain unchanged given the fixed exchange rate of the litas against the euro. It would only be the appearance of the currency that would change,” he told the LRT radio on Monday.

Changes in confidence and public approval or disapproval of this project might be very much affected by actual changes in prices triggered by the changeover, he said.

“The experience of other Baltic countries shows that those fears (of spike in prices) have not come true,” Vilpišauskas said.

Lithuania plans to adopt the euro next year.

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