Budget, EU – Baltic States, Financial Services, Legislation, Lithuania

International Internet Magazine. Baltic States news & analytics Thursday, 18.06.2026, 10:32

Grybauskaite: joint agreement on more stringent financial discipline reached in EU

Danuta Pavilenene, BC, Vilnius, 12.12.2011.Print version
On December 9, the heads of state or government of EU Member States in Brussels agreed on more stringent financial discipline and saving measures needed to overcome the debt crisis in the eurozone. Lithuanian President Dalia Grybauskaite underlined that a joint agreement on more stringent financial discipline reached this morning showed the EU's united political will to assume responsibility for the future of Europe's economy as well as determination to deal promptly with the issues of the eurozone debt crisis, informed BC the presidential press service.

Photo: president.lt

According to the president, this is a very significant step forward we have long waited for.

 

"I am delighted that an absolute majority of the EU Member States understand the complicated situation in which Europe's economy is today and have made a very important step forward to enhance the fiscal and economic discipline and responsible financial behavior," Grybauskaite said.

 

During further discussions it was proposed to apply this agreement to seventeen eurozone countries which can be joined by the remaining EU Member States determined to adhere to responsible economic and fiscal policies. According to the Lithuanian president, this is a proof that Europe is uniting and will cooperate more closely in economic policy coordination matters.

 

Grybauskaite said that Baltic and Nordic countries, distinguished by responsible financial governance, upheld the European Council decisions as inevitable in order to prevent further deepening of the EU debt crisis.





← Back↑ Up

Русский
Search site