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2019.05.14 13:44

Lithuanian central bank chief survives no-confidence vote in parliament

Snieguolė Balčiūnaitė, BNS2019.05.14 13:44

The Lithuanian parliament Seimas on Tuesday failed to pass a resolution expressing no-confidence in the central bank governor, Vitas Vasiliauskas.

Forty-seven MPs supported the no-confidence motion, 51 voted against and one abstained.

The no-confidence resolution was signed by 44 lawmakers from the Lithuanian Farmers and Greens Union (LVŽs), the Lithuanian Social Democratic Labor Party (LSDDP) and the Order and Justice party, and a few independent members of the parliament.

Prime Minister Saulius Skvernelis did not sign the motion, but said on Tuesday that he did not have confidence in Vasiliauskas.

The draft document calls on Vasiliauskas to resign for “undermining the reputation of the Seimas” and “discrediting the Bank of Lithuania”.

Vasiliauskas does not intend to resign, saying he has never evaded responsibility in his professional career.

The central bank chief dismisses the accusations as personal attacks.

Vasiliauskas has served as chairman of the board of the Bank of Lithuania since April 2011.

Commenting on the failed resolution, Vasiliauskas said on Tuesday he would continue cooperating with the parliament and government institutions.

“This is, I think, a political process, move, well, emotions probably and that's all. As much as I am familiar with the Statute of the Seimas, the Seimas has the right to adopt various resolutions, and the question is only on the legal consequences of resolutions. (…) I'm not making any judgements. All kinds of discussions are held in the Seimas,” Vasiliauskas told journalists on Tuesday, adding that the Bank of Lithuania will continue cooperating with the parliament.

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