 Lithuania has taken exceptional measures in difficult times to reach its goal of joining the single currency. This achievement is something from which both the Euro area and Lithuania will benefit. The Euro area is enriched by a small country of great history, culture and economic achievements. And from now on, Mr. Basilauskas, the chairman of the board of Lietuvos Bankas, will be a full member of ECB's governing council. He will actively participate in the monetary policymaking of the Euro area. This shows how, in an era in which nation states are closely interlinked, sharing sovereignty means gaining sovereignty. Congratulations and welcome Lithuania!