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Lithuania 'could adopt euro without referendum'

07.03.2013

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The prime minister of Lithuania Algirdas Butkevicius has stated the Baltic nation will be able to join the euro without holding a nationwide referendum in 2015.

According to the official, there are "no fears" over the country adopting the single currency in the next three years, despite some members of the four-party government disagreeing with his claims, Bloomberg reports.

The official said: "We already committed to adopting the euro when we joined the European Union in 2004, in our accession treaty."

However, policymakers from Lithuania's government have argued Mr Butkevicius should take the initiative and call a referendum on the matter.

A survey carried out among individuals living in the country revealed some 32 per cent of people were positive about the adoption, while 11 per cent said they did not have an opinion.

The findings come after Lithuania's economy experienced significant growth that was faster than previously expected during the fourth quarter of 2012, which is likely to bring good news for investors in the Baltics.

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