The Lithuanian government on Monday approved a deal on a three-year 86-billion-euro bailout for Greece from the European Stability Mechanism (ESM) and the disbursement of the first tranche of 26 billion euros.
© AP/Scanpix

The approval was issued, given that Athens had met the preconditions for the bailout, committed to implementing far-reaching reforms in the national tax and pension system, labour market as well as in the areas of competitiveness and public administration and agreed a specific reform plan with creditor institutions, i.e., the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF), the government said in a press release.

Finance Minister Rimantas Šadžius said after the meeting that the decisions made by Greece on reforms showed that the country was ready to adhere to long-term policy.

He added, however, that the European Union and the euro area needed to see guarantees in order for Athens to get the full amount of bailout money.

“It’s difficult to tell anything about political developments in Greece in the future, in particular as there are talks about early elections. On the other hand, the results of Friday’s vote, which approved more than 50 of predefined tasks, show that a large part of political elite in Greece, and not just the ruling majority, the government or its part, understands that there is no other way. It’s a certain guarantee that the measures taken by Greek authorities will have a long-term effect,” Šadžius told reporters.

However, creditors would check Greece’s compliance with commitments each time before transferring money, he added.

On August 19, Šadžius will present Lithuania’s position at the meetings of ESM Board of Governors and the Board of Directors.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Įvertink šį straipnį
Norėdami tobulėti, suteikiame jums galimybę įvertinti skaitomą DELFI turinį.
  • 1
  • 2
  • 3
  • 4
  • 5
(0 žmonių įvertino)
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuania ready to lead Rail Baltica project: transport minister

Lithuania is ready to assume leadership of the Rail Baltica project to ensure its timely and...

The countries will have to prepare properly to the termination of time changing

With regard to public opinion polls and recommendations by doctors, as well as referring to the needs...

Finance Minister calls for EU-wide anti-money laundering system

Lithuania's Finance Minister Vilius Šapoka called on the eurozone and the European Union to...

L. Linkevičius: disinformation is a serious challenge to Western unity

On Monday, Minister of Foreign Affairs Linas Linkevičius participated in an EU Foreign Affairs...

D. Grybauskaitė: the EU will owe us

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