Dabar populiaru
Published: 9 july 2013 16:49

Finance Minister: Lithuania aims to boost confidence in EU economy

Rimantas Šadžius
Juliaus Kalinsko / 15min nuotr. / Rimantas Šadžius

Lithuania, which is holding the rotating six-month presidency over the EU Council, will seek to bolster confidence in the EU economy, Finance Minister Rimantas Šadžius said in Brussels on Tuesday.

"We'll seek to boost confidence in the European Union's economy and its financial system," said Šadžius, who for the first time chaired a meeting of the EU Economic and Financial Affairs Council (Ecofin).

"The stability of the entire European Union, not only of the euro area, will be our priority," he said when presenting the Lithuanian presidency's goals.

Šadžius reiterated that Lithuania sees sustainable job creation as the EU's key objective, both short-term and long-term, and that it expects agreement on a banking supervision mechanism to be reached in this half of the year.

"I think this (agreement on banking supervision) is very ambitious, but feasible," he said.

EU economy and finance ministers are to discuss the Lithuanian presidency's program and take final steps to approve Latvia's accession to the eurozone during their meeting in Brussels on Tuesday.

The agenda also includes discussions on the follow-up to the European Council of June 27-28 relevant to Ecofin and preparation for the upcoming meeting of the G-20 finance ministers and central bank governors in Moscow on July 19-20,

The Ecofin Council is expected to approve legislation related to the implementation of two pieces of legislation on supervision of euro area countries' budgets.

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