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Published: 15 november 2019 18:00

V. Vasiliauskas and V. Šapoka sceptical of the idea of a state bank

Vitas Vasiliauskas, Loreta Maskaliovienė, Vilius Šapoka
Vidmanto Balkūno / 15min nuotr. / Vitas Vasiliauskas, Loreta Maskaliovienė, Vilius Šapoka

Minister of Finance Vilius Šapoka states in regard to President Gitanas Nausėda’s idea on a state bank that such a project would be especially costly and Lithuania already has painful past lessons of what a state bank means. Bank of Lithuania board chairman Vitas Vasiliauskas proposes to first calculate whether it is worth it and what such a bank would allow.

V. Šapoka firstly reminds that Lithuania has already had state banks “and we all know well what it ended with”.

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