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Published: 19 november 2019 18:47

Economist G. Nausėda laughed at state banks, but for President G. Nausėda it is no longer taboo

Gitanas Nausėda
Luko Balandžio / 15min nuotr. / Gitanas Nausėda

Last week, President Gitanas Nausėda seriously endorsed the idea to establish a state owned commercial bank: “This alternative should no longer be taboo.” However, just before the elections, when he was still working as the SEB bank’s chief analyst, G. Nausėda spoke of such ideas with irony – reminding of stories of nepotism and the possibility of privatising the state bank for 1 euro. G. Nausėda had also expressed doubts in news media. Now the explanation is that the market situation has changed.

“In this regard, I would now probably seriously consider, together with the cabinet, the establishing of a state owned commercial bank. The situation has become such that even this alternative shouldn’t be taboo,” G. Nausėda told the news portal in an interview last week.

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