Along with nine other countries, Lithuania joined the European Union in 2004, and it is now on the road to becoming part of the European Monetary Union. Lithuania had hoped to adopt the Euro in January of 2007. But that\nhope is now fading. Although Lithuania strictly meets most of the "convergence criteria" set out in the Maastricht treaty, it just barely fails to meet the inflation criterion.
Recorded inflation for March stands at 2.72 percent, just missing the criterion of 2.66 ...
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