The Cyprus authorities have pursued a cautious fiscal policy, which allowed them to over-achieve fiscal targets consistently. The macroeconomic outlook remains broadly unchanged compared to the fourth review.
Given still high risks, continued full and timely policy implementation remains essential for the success of the program.
Lithuania will join the euro area on 1 January 2015. Fixed conversion rate : €1 = 3.45280 Lithuanian Litas.
Speeches by Jyrki KATAINEN and Algirdas ŠEMETA, Members of the EC, Sandro GOZI, Italian Secretary of State for European Affairs, Peter PRAET, Member of the Executive Board of the ECB, Algirdas BUTKEVIČIUS, Rimantas ŠADŽIUS, Vitas VASILIAUSKAS, and Linas LINKEVIČIUS, members of the Lithuanian Government and Central Bank.