LITHUANIA JOINS EU's NEW ECONOMIC PACT BARRING ECONOMIC POPULISM
Friday, March 25, Brussels - In its meeting attended, among others, by President Dalia Grybauskaitė, the European Council endorsed the Euro Plus Pact, a package of measures aimed at enhancing European competitiveness and strengthening economic coordination. The Pact brings together all eurozone countries and is open to other EU Member States.
According to President Grybauskaitė, Lithuania is joining the Pact despite not being a eurozone country, as the country needs to continue responsible budget and fiscal policy.
"The European Union must have measures to promote economic development, prevent further crises of this magnitude in Europe, and lay the foundations for long-term stable growth. The Pact will be beneficial to Lithuanian people and the domestic economic growth in the future, as it promotes employment, fosters business growth and, no less importantly, ties hands of those who may want to pass excessively populist decisions. I am glad this kind of Pact was adopted and that six non-eurozone countries, including Lithuania, joined the Pact. On the basis of this Pact, we will have to develop and present to the European Commission a concrete action plan outlining the steps to be followed by Lithuania to meet its commitments under the Pact," the President said.
Apart from Lithuania and 17 eurozone countries, five other states - Denmark, Bulgaria, Latvia, Poland and Romania ¬- have already confirmed joining the Pact.Press Service of the President
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