On Friday, 27 March, Finance Minister of France Michel Sapin will visit the Bank of Lithuania. The Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, during his meeting with Sapin will discuss progress in quantitative promotion, begun this month by the European Central Bank (ECB), as well as accenting need for structural reforms, the national bank said.
Vitas Vasiliauskas
© DELFI / Mindaugas Ažušilis

"Although the ECB's expanded asset purchase program implementation is only gaining momentum, the expectations associated with it already had a positive effect - improvement in conditions of loans to businesses and households, decrease in a number of euro area sovereign bond, including Lithuania's, interest rates," said Vasilaiuskas before the meeting.

Euro area bank surveys show that they tend to mitigate the conditions for granting loans to both businesses and residents. Similar trends are observed in Lithuania as well.

He also stressed that in order to propel the euro area economy, the ECB's monetary policy measures to encourage non-standard economies is not enough. It is very important that all of the single currency bloc countries also comply with fiscal discipline and the rapid implementation of the labour market and competitiveness-enhancing structural reforms.

Vasiliauskas will also discuss with the finance minister of France the EU investment promotion initiatives, the situation of negotiations with Greece, the future of the economic and monetary union, as well as other issues.

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

Lithuanians love sushi – last year they bought twice as much as a year before that

As foreign cuisine grows more popular in Lithuania, some of those dishes are becoming an irreplaceable...

Tallinn and Helsinki are joining together. When Vilnius and Kaunas will follow?

The distance between Tallinn and Helsinki is the same as from Vilnius to Kaunas. Estonians and Finns...

Kaunas FEZ launches an innovative service: forklift sharing point

At the beginning of March, innovative forklift-sharing service will be launched in the territory of...

Internet entrepreneurs misleading the authorities

The State Tax Inspectorate (hereinafter referred to as the STI) hereby informs that the operational...

Threat to Lithuanian business: shortage of qualified workforce

More than one third of Lithuanian entrepreneurs are not only exposed to the shortage of qualified...