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2019.05.09 13:03

Group of MPs demand resignation of Lithuanian central bank's chief

LRT.lt2019.05.09 13:03

A group of about 40 members of parliament have registered a resolution expressing no confidence in the governor of Lithuania's central bank. The MPs, mostly from the ruling bloc, accuse Vitas Vasiliauskas of uncooperativeness with a parliamentary investigation and demand his resignation.

The draft resolution, signed by MPs from the Farmers and Greens Union, the Lithuanian Social Democratic Labour Party and the Order and Justice party, says that Vasiliauskas, the head of the Bank of Lithuania, has been avoiding to cooperate with the parliamentary Committee on Budget and Finance.

The committee has been looking into the causes of the 2009-2010 economic crisis in Lithuania. Its chairman Stasys Jakeliūnas has made statements, alleging that the Bank of Lithuania failed to properly monitor commercial banks and prevent them from inflating interest rates on mortgages.

The resolution accuses Vasiliauskas, who has been heading the central bank since 2011, of attempts to “prejudice the employees of the Bank of Lithuania against the parliamentary investigation” and disparaging the enquiry as “meaningless”.

The document, drafted by Jakeliūnas, calls on Vasiliauskas to resign and on the country's president to dismiss the central bank's governor in case he doe not.

Vasiliauskas has rejected accusations against him, insisting he has been cooperating with the investigation.

“I see no reason to resign,” Vasiliauskas said in a statement on Thursday.

The Lithuanian parliament, Seimas, is to hear the resolution next week, according to Jakeliūnas.