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2019 11 19

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

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

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