aA
Greece's 86-billion-euro bailout package is aimed at getting the country back on its feet so that it could borrow from international markets on its own within several years, Lithuanian Finance Minister Rimantas Šadžius said on Tuesday.
Rimantas Šadžius
Rimantas Šadžius
© DELFI / Tomas Vinickas

"The very essence of the support program is to get Greece back on its feet to an extent where it would be able to use borrowed money to finance its needs on its own, that is, to issue bonds in global markets at normal, economically justified interest rates, something it cannot do now," the minister told reporters at the parliament building.

It is planned that this aim will be achieved within three years, he added.

The parliament's European Affairs Committee on Tuesday discussed Lithuania's position to be presented by Šadžius at Wednesday's meetings of the ESM's Board of Governors and Board of Directors.

Gediminas Kirkilas, head of the committee, said that he believed that Greece would manage to overcome the crisis.

"I expect that Greece will overcome the crisis over time and will stay in the eurozone. It is in our interest that it stays in the eurozone for a variety of reasons," the Social Democratic lawmaker told reporters.

"If Greece went bankrupt, that would mean losses to all countries, both political and financial. It is in our interest to support this decision, which has been reached through really very difficult negotiations," he said.

The Lithuanian government on Monday approved the 86-billion-euro bailout package from the European Stability Mechanism (ESM) and the disbursement of the first tranche of 26 billion euros.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Matulionis appointed Lithuania's NATO ambassador (1)

Lithuanian President Gitanas Nauseda appointed Deputy Government Chancellor Deividas Matulionis as...

Siauliai decides not to cancel mass events and urges residents to consider risk

The authorities of Lithuania's northern city of Siauliai have decided not to cancel mass events...

Coronavirus patients to be treated in five hospitals

People infected with the coronavirus will be treated in five Lithuanian hospitals , Deputy Minister...

First Lithuanian coronavirus patient's family members undergoing tests

The Lithuanian woman, 39, who was diagnosed with the new coronavirus on Friday, evaded contact with...

1st coronavirus case confirmed in Lithuania (2)

The first coronavirus case was confirmed in Lithuania early Friday morning, the country's Health...

Top news

Coronavirus patients to be treated in five hospitals

People infected with the coronavirus will be treated in five Lithuanian hospitals , Deputy Minister...

Siauliai decides not to cancel mass events and urges residents to consider risk

The authorities of Lithuania's northern city of Siauliai have decided not to cancel mass events...

Matulionis appointed Lithuania's NATO ambassador (1)

Lithuanian President Gitanas Nauseda appointed Deputy Government Chancellor Deividas Matulionis as...

1st coronavirus case confirmed in Lithuania (2)

The first coronavirus case was confirmed in Lithuania early Friday morning, the country's Health...

First Lithuanian coronavirus patient's family members undergoing tests

The Lithuanian woman, 39, who was diagnosed with the new coronavirus on Friday, evaded contact with...

|Maža didelių žinių kaina