bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 24.03.2017 | Name days: Kazimirs, Izidors
LithuaniaLithuania

Lithuanian MPs grumble against Greece, Labour Party first to turn away from it

FaceBook
Twitter
Draugiem
print
(+1 of 1)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Lithuanian Seimas in Vilnius

Linas Jegelevičius for the BNN

Lithuania will come, most likely, to rescue Greece after its Parliament has voted for the eurozone-proposed bailout plan. It is thought Lithuania will need to chip in some 60 million euro yearly to keep the troubled Greece afloat. However, Lithuanian MPs are eager to find out first «tons of details» about the deal to get their vote for it.

«So far, I see just propaganda streaming both ways – against Greece and for the bailout -, but I do not see any reliable data on the country’s economy and the bailout package. Importantly, I don’t see so far how we in Lithuania stack up against Greece on many of the economic parameters,» Naglis Puteikis, a member of the Lithuanian Parliament, told BNN.

Deliberations on Greece’s bailout in autumn

The parliamentarian said he was caught «off guard» by the question on the date of the vote on the Greece bailout plan in the Lithuanian Parliament.

«Frankly, I haven’t heard any timeline when the voting could take place,» Puteikis admitted.

Gediminas Kirkilas, a Lithuanian parliamentarian and chairman of the parliamentary European Affairs Committee (EAC) at the Seimas, Lithuanian Parliament, told BNN the plan deliberations should reach Lithuanian legislators after the European Union, International Monetary Fund and other international institutions involved in Greece bailout approve the bailout package.

«I believe it will be no earlier than the autumn,» Kirkilas told.

He underlined that «still many things» have to be learnt, and, first, the possible scope of the Lithuanian support.

«Frankly, it is unknown at the stage, whether Lithuania will have to make any monetary contribution and if yes, how big it will be, when and how it will reach Greece, etc.» the lawmaker told.

If things come to that, Kirkilas insisted that he along with the colleagues in the Parliament will want to send Greece «a strong message» and perhaps do some couching on dealing with the ailing economy.

«We’ve got some really great experience to share,» the MP emphasized.

He says he «heard» the eurozone wants to see their Greece support money coming back over the next two years.

«I am not sure whether this is feasible under the circumstances,» he admitted though.

Money will not be given away

Previously, Rimantas Šadžius, the Lithuanian Finance Minister, told Lithuanian media that the Government will approve the Greece salvation package only if the Greek Parliament votes for the first package which included a series of obligations the country has to bind with to get the bailout money.

It is estimated Greece needs roughly 85 billion euro to resuscitate its economy, which now is in tatters.

The minister inclined that helping Greece out will not cost Lithuanian taxpayers anything. But others claim Lithuania will have to earmark some 60 million euro for the cash-strapped country annually.

And if it comes to giving Greece money, Lithuania will do it likely through the European Stability Mechanism (ESM), a comprehensive EU strategy designed to safeguard financial stability within the EU’s eurozone states, to which Lithuania has transferred 65.44 million euro this year and will add another 262 million over the next four years.

It is reported that namely from ESM around 80 billion euro will be disbursed by several tranches to Greece.

«No one is going to give away the money- all the support is to be paid back. For interest rates, in fact, but they are not very high and the loan terms are rather human, i.e. very long,» Šadžius told in another interview.

Sides need to approach each other

Still, now, all in Lithuania have more questions than answers over Greece’s bailout.

«For the moment, we do not have an answer to the question (whether it is possible to trust Greece and whether it won’t splurge the money the eurozone has pledged to allot the troubled country). But I believe the support is possible only if the Greek Parliament endorses the bailout program and commits to the obligations that Greece has agreed to abide by,» Šadžius inclined.

He, however, eluded the question earlier what the Lithuanian Government would do in case the Greeks disapprove of the fiscal austerity and reforms imposed by the EU.

«We will see how it unfolds tomorrow (Thursday),» the minister shunned a direct answer.

He, nevertheless, expressed hope that the strategy assumed in the Greece negotiations should pay off at the end of the day.

«Whether the negotiations will pan out as a success, we still cannot tell. But I believe that the approach we’ve taken «step-by-step» should prove itself and guarantee that, with the stride from the Greek side, the eurozone will make also a stride towards Greece and see another step in its direction from Greece,» the minister pointed out.

MP misses reliable information

Puteikis, the parliamentarian, meanwhile, expects by the start of parliamentary deliberations on Greece bailout to obtain all necessary information.

«So far, I see only propaganda streaming both ways- against Greece and for the bailout. What I want to see is reliable and approved statistics of how the Greek economy is doing. What I am hearing now is a pretty mixed-up picture. One sources claim the VAT for luxury items is around 10-12 percent in Greece, which is way too little for a struggling country. I want also to make sure myself that the money we will give Greece won’t end up in the hands of local oligarchs and that they will serve social justice. Only after that Greece will get my vote,»Puteikis told BNN.

Lithuanian President tones down Greece rhetoric

The Speaker of the Lithuanian Parliament, Loreta Graužinienė, has been so far the only high-ranking Lithuanian official to have bluntly lashed out at Greece for the borrowing.

«The debt it is ridden with is the problem of Greece, not Lithuania’s. When the Greeks were borrowing, they had to think (of that the future may hold). Looking at the issue from Lithuania’s positions, I am convinced our people do not have to cover the Greek debts,» the Lithuanian Parliament Chairwoman told .

Meanwhile, the Lithuanian head-of-state, Dalia Grybauskaitė, has seemingly toned down the harsh rhetoric she had assumed on Greece in the recent weeks.

«I want to reiterate that Lithuania has entered the eurozone and it constitutes such a union of states, where in case of a burden for one, all the rest (come in) help. If Lithuania finds ever itself in a trouble, the other eurozone states will come at rescue,» Grybauskaitė told on her state visit to Italy.

She expressed hope that the measures Greece needs to adopt, and which the entire eurozone has to approve, will help Grece stand eventually on its own feet.

«This is our goal. We have to help, help in a friendly way, but also demand, in a sister or brother-like way, responsibility,» the Lithuanian leader was quoted as saying.

Labour Party will not back Greece bailout plan

In the latest development, Lithuania‘s Labour Party said on Thursday, July 16, its ministers would not back the proposed Greek bailout plan, calling for a ruling coalition‘s meeting on the issue.

«The board ordered the ministers delegated by the Labour Party not to back the Greek bailout plan which is currently considered by the government,» the party said in a statement.

«Pensions and salaries in Greece are now much bigger than in Lithuania. Whether the proposed bailout will help is doubtful. Since it’s financially related to the State of Lithuania, there must be a wider and clearer discussion on the issue among all coalition partners,» Labour Party chairman Valentinas Mazuronis was quoted as saying in the statement.

Ref: 111.111.111.2619


Leave a reply

Kucinskis hopes to find a new director for State Chancellery within two weeks

Latvian Prime Minister Maris Kucinskis hopes to find a new manager for the State Chancellery within the next two weeks.

InnoEnergy business opens an office in Latvia

International business accelerator company InnoEnergy has opened an office in Latvia. This objective of this company is preparing new and innovative technologies developers for attraction of investments as part of InnoEnergy accelerator.

Bank of Latvia increases inflation outlook for 2017 to 2.7%

The Bank of Latvia has increased its inflation outlook for 2017 from 1.6% to 2.7%, as reported by the bank’s press-service.

CC permits Lithuanian company to acquire decisive influence over Latvian businesses

Latvia’s Competition Council has permitted two mutually associated deals to be performed by W.P.Carey and Kesko, allowing the two concerns to acquire decisive influence over Lithuanian Baltic Retail Properties and three companies registered in Latvia – K Prof, Polo LS and Daugavkrasts M.

Estonian military transport firm co-operates with leading Norwegian and British companies

Estonian military transport manufacturer Milrem has made a joint product with Norwegian weapon-maker Kongsberg and British remote system producer Qinetiq North America.

Welfare Ministry opposes diverting part of social budget to healthcare

Experts view Finance Ministry’s proposal to divert certain parts of the social budget to pay for certain healthcare services. Welfare Ministry is especially cautious about this proposal.

Saeima agrees to publish names of disciplinary punished judges

Publication of information about disciplinary penalties applied to judges, their names and surnames will no longer be prohibited, as stated by amendments to the Judicial Disciplinary Liability Law supported by the Saeima in the first reading on Thursday, 23 March.

Experts: internet users open up 30% of fraudulent e-mail letters

Cyber criminals are becoming more and more cunning and their fraudulent e-mails – harder and harder to differentiate from real ones. Internet users open up to 30% of fraudulent e-mail letters, explains eScan antivirus developers.

Minister: Latvia supports International Coalition’s fight against Daesh

«The fight of the International Coalition against Daesh has become a very effective instrument to help reduce Daesh military, financial and recruitment capabilities,» said Latvian Foreign Affairs Minister Edgars Rinkevics.

New pulp factory planned in Estonia

Estonian entrepreneurs have envisaged building a high-tech pulp-making plant near the city of Tartu and have submitted the plan for confirmation from Estonian national special planning authorities.

Ventspils Freeport Authority announces procurement

Procurement has been announced for the construction of an access road in Ventspils, Talsu Street 200 and landscaping of nearby territories so that one of the land tenants can commence construction of their building there, as reported by Ventspils Freeport.

Estonian investors consider construction of pulp factory in Latvia

Investors that consider building a pulp factory worth EUR 1 billion in Estonia’s southern region allow for the possibility of getting permission for the same project in Latvia, because this process can take a long time in Estonia.

Russian singer barred from going to Eurovision in Kyiv

Ukrainian authorities have banned Russian Eurovision representative from entering Ukraine, where the pop song contest Eurovision is to be held in May.

Travel passports planned to be introduced in Latvia

Deputies have submitted amendments to the Personal Identification Documents Law, suggesting the adoption of travel passports to avoid situations when people are denied the right to travel freely or participate in elections.

Tragic attack in London

In a tragic attack on civilians and police in London, five people have been killed and no less than 40 injured.

Farmers urge voting in favour of preserving land in the hands of local residents

A letter with a request to support farmers, countryside residents and amendments to the Law on Land Privatisation in Rural Areas has been sent to members of the Saeima.

Officials support Finance Ministry’s proposals for medium-term tax strategy

At the 22 March meeting of the National Economy Council, members of the parliament decided to conceptually support Finance Ministry’s proposals for medium-term tax strategy.

Ameriks received nearly 200,000 euros from fast loan companies in interest pay

Vice-Mayor of Riga Andris Ameriks received income of nearly 200,000 euros in interest pay from fast loan companies 4finance and Mogo last year, according to the declaration for 2016 submitted to the State Revenue Service.

Estonia to reduce availability of plastic bags in shops

Having passed amendments to the Estonian «Packaging Law», the Riigikogu has adopted a plan to reduce the use of plastic bags in the Baltic country over the coming years.

Latvian businesses in Japan to be provided with stable tax payment regime

Latvia businesses working in Japan will be provided with a stable tax payment regime that will not be influenced by amendments to Japan’s tax regulations, as stated in Saeima’s report.

Multiple parties to gather in a single candidate list to compete with Lembergs

Latvian Association of Regions, National Alliance, For Latvia’s Development and Unity will start at municipal elections in Ventspils under a single candidate list, said the leader of this unified list Girts Valdis Kristovskis in an interview to Latvijas Avīze.

Reirs: ministry’s offered tax reform will change nothing for most pensioners

Finance Ministry’s offered tax reform will add only slight changes. Most pensioners will not feel any changes from this reform – neither good, nor bad, said Welfare Minister Janis Reirs in an interview to Rīta panorama.

Canadian ambassador: Latvia and Canada are closer than ever before thanks to CETA

«All Latvian exporting companies – those that already export goods to Canada and those that consider doing that – will benefit from the Comprehensive Economic and Trade Agreement,» says Foreign Affairs Ministry’s parliamentary secretary Zanda Kalnina-Lukasevica.

Expert: cargo transports through Iran offer a major step for international logistics market

Over the course of nine months, since Latvian logistics company Pro Logistic Services opened an office in Iran, the volume of cargoes and the number of serviced clients has grown by 15%.

Eastern Hospital’s Gynaecology Clinic to be provided with 500,000 euros to reduce queues

Riga Eastern Clinical University Hospital’s Gynaecology Clinic will be provided with funding of EUR 513,622 from the state budget to help reduce queues.