Press Releases

Stabilization of the EU economy will be possible only if financial populism is refused

Sunday, October 23, Brussels - The heads of state or government of the European Union countries, gathered in the capital of Belgium, discussed the EU economy revival and finance stabilization measures and debated how to solve the issues relevant for the euro zone.

According to the President, the European Union has all the necessary measures to cope with the existing economic hardships - the member states should only find the political will to implement such measures.

"Only responsible financial policy and compliance with strict fiscal discipline as well as promotion of mutual economic cooperation will enable the European Union to ensure a sustainable economic growth and avoid financial populism," Dalia Grybauskaitė said at the European Council meeting.

The President underlined that any amendments to the Treaty on the Functioning of the European Union (Lisbon Treaty) should be the last measure in dealing with the challenges Europe faces today.

The processes ongoing in the euro zone, Dalia Grybauskaitė said, affect Lithuania's economy and therefore it is important for Lithuania and its people to participate when financial stability issues are being solved.

A decision on concrete measures will be taken at the European Council meeting to be held next week in Brussels.