Lithuania fears "shock therapy" if EU funding drops

  • 2020-01-15
  • BNS/TBT Staff
VILNIUS – Several Lithuanian ministers who met with President Gitanas Nauseda on Wednesday says Lithuania's budget will not avoid "shock therapy" and the country risks getting stuck in the middle income trap if EU cohesion funding drops. Under the EU multiannual budget bill for 2021-2027, cohesion funding, aimed at reducing gaps among EU members, would be cut by around 27 percent for Lithuania. "We want equal opportunities and we want our national budget to avoid shock therapy, especially speaking about cohesion," Foreign M...
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