Lithuania’s Labour Party says its ministers will not back Greek bailout plan

“The board ordered the ministers delegated by the Labour Party not to back the Greek bailout plan which is currently considered by the government,” the party said in a statement on Thursday.

The Labour Party’s statement came several hours before the scheduled Cabinet meeting where ministers should decided on a loan to Greece from the European Stability Mechanism.

“Pensions and salaries in Greece are now much bigger than in Lithuania. Whether the proposed bailout will help is doubtful. Since it’s financially related to the State of Lithuania, there must be a wider and clearer discussion on the issue among all coalition partners,” Labour Party chairman Valentinas Mazuronis was quoted as saying in the statement.

The Labour party has five out of 14 ministers in the Lithuanian ruling coalition.

According to the party, the coalition will hold a meeting on Friday afternoon in the Seimas.

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