President of the Republic of Lithuania

Anti-crisis measures should not influence the EU budget

2012-10-19

Friday, October 19, Brussels - Leaders of the EU member states, who have gathered for the European Council meeting, provided further guidance on solving the euro zone's problems and promoting economic growth in Europe.

The proposed measures are aimed at strengthening the control of banks in the euro area, entrusting their supervision to the European Central Bank, as well as at enhancing coordination of economic policy. The final decision on these measures is due at the December European Council.

The President, currently attending the EU Summit, emphasized that no new financial mechanisms or measures should influence the EU financial framework 2014-2020.

"Whatever new financial instruments are created for dealing with the problems in the euro zone, this should not be done at the expense of the EU multiannual financial framework," the President said.

The foreseen measures will be binding on the euro area's states. Non-euro area states will be able also to join, if they so wish.

According to the President, it is in Lithuania's interest that the problems in the euro zone are addressed urgently and effectively as its economy also depends on that. Therefore, Lithuania supports all measures undertaken in effective response to the crisis. She noted, however, that Lithuania would not join any new instruments as long as all terms and details are not known.

Dalia Grybauskaitė also underlined that no increase of differences between euro area and non-euro area states or disregard for the principles of Europe's single market should be allowed. 

Press Service of the President

Last updated 2012.10.19 10:55

Back