EU's finding instruments to get back to normal development – Lithuanian president

  • 2020-04-24
  • BNS/TBT Staff

VILNIUS – The European Union is finding financial instruments to help the continent get back to „the normal path of development", Lithuanian President Gitanas Nauseda says.

"We are going in the right direction and finding financial instruments to put Europe back on the normal path of development," the president told a press conference on Friday.

"The so-called recovery fund is emerging and its goal, in my opinion, should be to augment the multiannual financial perspective and to have the same goals that are pursuit through the implementation of the cohesion and agricultural policies," the president said.

In his word, the goal is to ensure that social exclusion is smaller after the crisis that it was before.

"The key goal of exiting from this crisis is to make sure that regional and state differences are smaller than they were before the crisis. Lithuania also needs to put every effort to exit from this crisis and to make sure that social exclusion is smaller than it was before the crisis," Nauseda said.

"I believe that through targeted application of planned measures and negotiations on financial instruments, it's really possible to do that," he said.

EU member states are now looking into what amount might be needed for economic recovery after the coronavirus crisis. EU leaders on Thursday endorsed guidelines for the recovery of the EU economy after the coronavirus pandemic.

EU leaders agreed on a package of "safety nets" worth 540 billion euros and the measures will be used to mitigate the pandemic's consequences for workers, businesses and states.