Banks, EU – Baltic States, Financial Services, Legislation, Lithuania, Taxation

Thursday he said to reporters in Brussels that at the moment the European Commission is waiting to hear from the member-states which had announced their willingness to take part in the enhanced cooperation procedure. The member-states have to show now at what extent they are ready to cooperate and what their goals are, writes LETA/ELTA.

"What concerns Lithuania, the country is on the list those member-states that said they would make a decision when they see a concrete proposal. Lithuania does not rule out a possibility of joining the enhanced cooperation procedure. Looking at the bigger picture, this is one of the symbols of the EU which should demonstrate how much member-states are ready for a closer cooperation. I believe that such country as Lithuania would win from an enhanced cooperation in the union. Therefore, given the scope of the financial sector in Lithuania, the tax would not be a big burden on it. This is a way for Lithuania to show its wish to cooperate more extensively," the commissioner said.

Semeta said that a total of 11 member-states support the financial transactions tax. Eurobarometer polls have revealed that 66 percent of Europeans are in favour of introducing the tax.