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Published: 9 october 2012 12:52

Presidential adviser: Euro zone and not EU bears more resemblance to federation

AFP/„Scanpix“ nuotr. / Eurai

As the EU is considering deeper cooperation in the sphere of banking, an adviser to Lithuanian President Dalia Grybauskaitė says the proposals are, first of all, designed for the euro zone, and Lithuania will look into the expedience of every step despite in essence being in favor of deeper integration.

Jovita Neliupšienė, head of the foreign policy group, said the banking union issue will be discussed at EU summits in October and December.

"Currently discussions on potential deeper cooperation in the banking sphere, a single supervision mechanism, common deposit protection, and a single bank resolution mechanism are ongoing. It will be the topic of the EU summits in October and December. Is it acceptable for Lithuania? It's important for Lithuania that the euro zone solves its problems," the adviser told BNS.

"The proposals on deeper banking integration are, first of all, designed for the euro zone. Other member states are also invited to join voluntarily," she added.

According to Neliupšienė, it's hard to expect that all 27 EU member states will back the banking union, the more so since the United Kingdom has already publicly expressed its skeptical attitude.

"Therefore, first of all, we should talk about the euro zone, and not the EU, bearing more resemblance to a federation. We are of a position that it's better for Lithuania to take part in deeper EU integration but the expedience of our every concrete step will have to be evaluated separately," the presidential adviser said.

President of the European Commission, Jose Manuel Barroso, plans to present the banking union blueprint at the forthcoming EU summit in Brussels on 18-19 October. The summit will be attended by Lithuanian President Dalia Grybauskaitė.

Naujienų agentūros BNS informaciją atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB „BNS“ sutikimo draudžiama.
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