Left Menu
Development News Edition

Lithuania's new president sworn in, vowing to tackle inequality

PTI | Vilnius | Updated: 12-07-2019 20:10 IST | Created: 12-07-2019 20:10 IST
Lithuania's new president sworn in, vowing to tackle inequality

Vilnius, Jul 12 (AFP) Pro-EU centre-right economist Gitanas Nauseda was sworn in as Lithuania's new president on Friday, vowing to tackle inequality in the Baltic eurozone state. The 55-year-old independent, who replaces outgoing Dalia Grybauskaite, is a political novice who spent most of his career in commercial banking.

Although Lithuanian presidents do not directly craft economic policy, Nauseda said he would seek cross-party deals to bridge the gap between the rich and poor and decrease regional differences. "We talked about a two-speed Europe but we did not notice that we created a two-speed Lithuania," Nauseda said in parliament after taking the oath of office.

"We will not have a welfare state if we care only about ourselves while social inequality increases." Nauseda received 66 per cent of the vote in the May presidential runoff after a race dominated by bread-and-butter issues in the nation of 2.8 million people.

All the key candidates firmly backed EU and NATO membership, signalling that Lithuanians have bucked recent eurosceptic and populist trends in Europe. Noting that the income of the population's richest 20 percent was seven times higher than that of the poorest 20 percent, Nauseda said the number must drop during his term.

He added that the government must increase its budget from tax revenues to spend more on social security, healthcare, education and culture. On foreign policy, Nauseda said he would seek "even deeper euro-atlantic integration and close relations with both the EU and US" as well as boosting defence.

One of NATO's most hawkish members on Russia, Lithuania is among only eight allies to meet the group's target of spending two percent of gross domestic product (GDP) on defence. The five-year-term will be the first time Nauseda holds elected office. He was most recently an advisor to the head of Sweden's SEB, the top bank in Lithuania.

Decades of TV appearances as an economic expert have made the married father-of-two a household name. (AFP) SCY SCY

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION / BLOG / INTERVIEW

'Diya jalao' for COVID 19: Modi needs to practice his teachings and control fake news on social media

In his video message to the nation on Friday the Prime Minister talks about peoples collective power to win the invincible. However, he has made no concreate efforts to win over the confidence and represent the collective power of the polit...

Tourism post-COVID 19: Lessons learned, out-of-box strategies to ensure the revival

In the pre-COVID 19 period the tourism industry was seen with much hope throughout the world. However, the COVID 19 pandemic has completely paralysed the tourism industry and its dependent sectors. The tourism industry in the post-COVID 19 ...

Cybersecurity post-COVID 19: More internet means more threats, stay alert folks!

When supported by adequate digital awareness campaigns and more crackdowns on cybercrimes, increased internet usage will help more people embrace technology and better understand the risks, bringing us closer to unleashing the true potentia...

Rising temperatures in India seem to counter the spread of COVID 19 infections

Scary predictions on the rate of spread of COVID 19 infections in India are floating in media. But the data on the spread of infections coming so far point to a contrary trajectory putting a question mark on such predictions. Explanations o...

Videos

Latest News

Seven police personnel who were part of team to evacuate Nizamuddin Markaz sent on leave

Seven police personnel, who were part of the team which went to evacuate Nizamuddin Markaz, were sent on leave, officials said on Friday. A senior police officer said it is a routine rotation process after the lockdown in the national cap...

Blacklisting proceedings against 360 foreigners linked to Tablighi Jamaat who have left India: MHA

Blacklisting proceedings have started against 360 foreigners who participated in Tablighi Jamaat activities in India and left the country before borders were sealed in the wake of the coronavirus outbreak, the Union Home Ministry said Frida...

J-K: LeT module busted; 4 terrorists, 3 terror associates arrested

Four terrorists and three terror associates were arrested after Handwara Police busted a Lashkar-e-Taiba LeT module here. On the basis of specific information, the houses of Azad Ahmad Bhat Shalpora Langate, Altaf Baba Rafiabad Babagund and...

Situation is under control in Delhi; No need to panic: Kejriwal.

Situation is under control in Delhi No need to panic Kejriwal....

Give Feedback