European Stability Mechanism

The Netherlands is building new coalitions within the EU to compensate for the loss of the UK as the union's main free trade champion, and has found partners in the Baltic States. At the same time, a domestic policy issue involving gas supplies and the Dutch stance on Russia have the potential to pu...

The European Commission proposes to transform the 500-billion-euro European Stability Mechanism (ESM) into a European Monetary Fund (EMF) to more rapidly respond to financial difficulties in Eurozone member states.

Lithuanian consumers and businesses saved some €40 million due to lower interest rates after the adoption of the euro a year ago, economists at the Bank of Lithuania say. Costs were also cut on currency exchange and due to lower rates on international money transfers.

Greece's 86-billion-euro bailout package is aimed at getting the country back on its feet so that it could borrow from international markets on its own within several years, Lithuanian Finance Minister Rimantas Šadžius said on Tuesday.

The Lithuanian government on Monday approved a deal on a three-year 86-billion-euro bailout for Greece from the European Stability Mechanism (ESM) and the disbursement of the first tranche of 26 billion euros.

The Lithuanian government on Thursday approved in principle the European Commission's decision to negotiate, together with the European Central Bank and the International Monetary Fund, with Greece on financial assistance to the country under the European Stability Mechanism (ESM).

Lithuania's Labour Party said on Thursday its ministers would not back the proposed Greek bailout plan, calling for a ruling coalition's meeting on the issue.

The Lithuanian cabinet of ministers on Thursday is to hold an extraordinary meeting over Greece's debt crisis.

Lithuania's parliamentary speaker, Loreta Graužinienė, said on Wednesday that Lithuanian people "do not have to cover Greek debts" and that she doubted if Greece's parliament would pass the reforms promised by Prime Minister Alexis Tsipras in exchange for financial assistance.

Paauglystėje šio laiško autoriams N. Kuno knyga „Senovės Graikijos legendos ir mitai“ buvo pirmoji kultūrinė pažintis su senovės Graikijos istorija, kultūra ir pasaulėžiūra. Tai buvo pirmasis paauglių prisilietimas prie didžios civilizacijos, kurios dalimi jaučiasi ir didžiuojasi kiekvienas europiet...

The Lithuanian Seimas Committee on European Affairs is scheduled on Wednesday to discuss the Greek bailout plan.

Finance Minister Rimantas Šadžius says that if the eurozone decided to provide financial support to Greece from the European Stability Mechanism (ESM), in Lithuania it would be the government that would decide on whether or not to approve the loan.

Greece is asking for financial support from the European Stability Mechanism (ESM), Lithuanian Finance Minister Rimantas Šadžius said on Tuesday.

Lithuania, which formally joined the European Stability Mechanism (ESM) in early February, will transfer the first 65.44-million-euro tranche of paid-in capital on Wednesday, a week after the Cabinet gave the green light for the payment.

The Lithuanian government on Wednesday, a day after the country formally joined the European Stability Mechanism (ESM), gave the green light for transferring the first tranche of paid-in capital.

On 3 February, Lithuania became the 19th member of the European Stability Mechanism (ESM). Lithuania has ratified the ESM Treaty and now acquires the full rights and obligations of ESM membership.

As anti-EU moods are brewing in Greece, the euro zone is worried about a new round of financial crisis. Would Lithuania, the newest member of the euro club, be made feel the ripples, should Athens decide to quit the currency union?

The Lithuanian parliament has ratified the treaty establishing the European Stability Mechanism. The agreement was signed by the euro area countries in Brussels in 2012 and amended in 2014.