Assessment of Compliance with the Economic Convergence Criteria in Lithuania (1998–2006)
Assessment of Compliance with the Economic Convergence Criteria in Lithuania (1998–2006)

Summary/Abstract: Political and economic integration of Europe is a process that started more than 50 years ago (in 1952) in Europe and became one of the most important factors determining political and economic situation. Undoubtedly, creation of united Europe represents one of the ultimate achievements in the history of the 20 century. United Europe embodies fundamental values of civilization: peace keeping, economic and social progress, equal opportunities and tolerance. Having started with six members (Belgium, the European Union (hereinafter the EU) has realized its idea of united Europe featured in discourses and works of many politicians, scientists and public figures as early as in XIX century. Convergence is a spontaneous occurrence of similar elements of material and spiritual culture and other phenomenon in different inged fundamental measures. In the presence of different and complicated processes which all EU countries have to coordinate, it is very important to do research on Lithuania’s data what will help to answer why Lithuania could not enter the Economic and Monetary Union (hereinafter the EMU), when it will be able to introduce the euro. Analysis of Lithuania’s economic convergence stability will help to answer these urgent and problematic questions.

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