Lithuanian Finance Minister Rimantas Šadžius and his French counterpart, Michel Sapin, seek that European Commission President Jean-Claude Juncker's plan to boost European economic growth should be implemented by the end of this year.
Rimantas Šadžius
© DELFI / Tomas Vinickas

"A subject that unites us is support for investments, attracting of investments and the so-called Juncker plan. In this respect, we have absolutely the same opinion regarding both the principles and measures to ensure the fastest possible and most efficient implementation of the Juncker plan by the end of this year," Sapin told reporters after meeting with Šadžius in Vilnius on Friday.

The Lithuanian minister told reporters that he also supports efforts to implement the plan by the end of this year. He said that the implementation of the plan would be a signal to the financial markets that the European economy has growth potential.
The investment plan is aimed at attracting around 300 billion euros in private investments by establishing the European Fund for Strategic Investments (EFSI). The fund is to be built on 5 billion euros from the European Investment Bank (EIB) and another 16 billion euros from the EU budget.

The Commission estimates that the guarantee totalling 21 billion euros will help attract 300 billion euros in private funds over three years. Brussels calls on individual member states to contribute as well.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

D. Grybauskaitė: the EU will owe us

Lithuanian farmers will not receive the sort of direct grants from the EU as were promised already...

European Commission's proposal on direct payments to Lithuanian farmers "unacceptable": President Grybauskaitė

Lithuanian President Dalia Grybauskaitė said on Monday the European Commission 's proposals on...

Seimas discussed the future of the EU

At its siting, the Seimas held a discussion on the future of the European Union (EU), including the...

Lithuanian farmers to protest in Brussels over direct payments, equal treatment

Lithuanian farmers are to attend a protest in Brussels in December requiring higher direct payments...

Agreement on EU's next multiannual budget before mid-2019 tough to achieve: Lithuanian diplomat to EU

The European Union is facing tense negotiations on its next multiannual budget, and the goal to...