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Lithuania meets the inflation criterium in April but not in the long term, says the commission (Photo: European Commission Audiovisual Library)

Brussels defends Lithuania euro verdict despite new data

A day after the European Commission rejected Lithuania's bid to join the eurozone, fresh data shows the country would reach the allowed rate of inflation.

According to a Eurostat survey published on Wednesday (17 May), the reference value - calculated using the average inflation rates in April in the three EU best performers (Sweden, Finland, Poland) plus 1.5 percentage points - was 2.7 percent.

The corresponding inflation rate in Lithuania was 2.7 percent, with some MEPs reactin...

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Lithuania meets the inflation criterium in April but not in the long term, says the commission (Photo: European Commission Audiovisual Library)

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