President of the Republic of Lithuania President of the Republic of Lithuania

Gitanas Nausėda met with the President of the Eurogroup

2022-01-12

On Wednesday, President Gitanas Nausėda met with Paschal Donohoe, President of the Eurogroup and Minister for Finance for Ireland. The President and Paschal Donohoe discussed the EU’s fiscal policy and the review of fiscal rules, the creation of a banking union, and the EU’s green and digital transformation.

Speaking about the EU’s fiscal policy, Gitanas Nausėda emphasized that Lithuania supported the simplification of EU fiscal rules and the promotion of investment in climate change mitigation and digital transformation. Lithuania has drawn up a draft constitutional law, initiated by the President and debated in the Seimas, which simplifies fiscal rules for municipalities, making it easier to borrow for green economy and digital transformation projects.

The President and Paschal Donohoe discussed progress on the EU’s banking union and the capital markets union. The Lithuanian President underlined that these two initiatives were crucial to ensuring the stability of the financial system and to increasing the EU’s competitiveness.

Gitanas Nausėda presented Lithuania’s progress in fintech, cybersecurity and anti-money laundering and stressed that Vilnius would be a particularly suitable location for a new EU Anti-Money Laundering Authority.

The President‘s Communication Group

Last updated 2022.01.12 17:10

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