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International Internet Magazine. Baltic States news & analytics Sunday, 20.05.2018, 22:32

Grybauskaite: Lithuania does not need banking supervision instruments

Danuta Pavilenene, BC, Vilnius, 29.06.2012.Print version
Lithuania, unlike the eurozone member-states, does not yet need banking supervision instruments, says Lithuanian President Dalia Grybauskaite in Brussels.

During Thursday's meeting of the European Council, the eurozone countries managed to agree on the banking system supervision and seeking accountability, they will sign memoranda, writes LETA/ELTA.


Friday morning, President Grybauskaite said to reporters in Brussels that in the meeting which lasted till 5 a.m. she called the EU's attention to Lithuania's financial framework and issues important to Lithuania, such as funding from the structural funds, funding of the closure of the Ignalina nuclear power plant and direct payments to farmers.


In regard to banking supervision, she stressed that Lithuania does not yet find this problem topical.


"First of all, I would like to stress that this is an issue of the eurozone. This does not yet concern Lithuania and we do not need such kind of supervision instruments. This (agreeing on the banking system supervision – ELTA) was the very first step and the agreements should be treated as certain guidelines. I am glad that the eurozone members managed to reach a consensus on increasing accountability rather than just exercising banking supervision. The member-states concerned will sign memoranda, just like in the case of the International Monetary Fund, where both the banks and the states are obliged to make their homework," she said.

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