Lithuania is still determined to introduce the embattled euro currency in two years, a government official said Tuesday, despite skepticism by the Baltic country's president, dpa reported. The center-right government was doing everything possible to join the eurozone in 2014, its previously stated goal, said Virgis Valentinavicius, an adviser to Prime Minister Andrius Kubilius. However, in an interview published Monday in the Veidas magazine, President Dalia Grybauskaite expressed doubt that Lithuania would be ready, saying "2014 was unrealistic." She did not elaborate. Grybauskaite, a former finance minister who served as the EU's budget commissioner for five years, could be seen as veiled criticism of the government, which barely managed to pass the 2012 budget in last December. The budget will have a slightly higher than expected deficit of 3 percent of gross domestic product - the upper limit allowed by the EU - as growth prospects deteriorate due to the European financial crisis. Lithuania, which joined the EU in 2004, is obliged to introduce the euro along with other East European members of the bloc, though there is no deadline for doing so. Poland, for instance, has said it would take a slower path to currency integration and would be ready to adopt the euro in four years. Lithuania, a nation of 3 million people, wants to phase in the euro as soon as possible, or 2014. The Bank of Lithuania said that inflation could become the biggest obstacle to eurozone membership. -- SPA
