Latvia and Poland Exchanges Views on Situation in Banking Sector
OREANDA-NEWS. July 12, 2010. Prime Minister Valdis Dombrovskis met President of the Central Bank of Poland Marek Belka within the framework of the working visit.
During the meeting, Marek Belka congratulated V.Dombrovskis on gradual stabilization of the Latvian economy and the first signs of economic recovery. During the discussion, the Prime Minister and the President of the Central Bank of Poland discussed the need to improve the fiscal discipline in European countries, and the G20 discussions on the improvement of global financial stability.
V.Dombrovskis and M.Belka discussed the situation in the banking sectors of Latvia and Poland. V.Dombrovskis informed M.Belka on current developments related to Parex banka. The objective of Latvia to accede to the Eurozone in 2014 and the positive decision on the admission of Estonia to the Eurozone in 2011 were also mentioned within the framework of the discussion.
During the meeting, V.Dombrovskis and M.Belka agreed that Latvia and Poland should cooperate closer on the issues pertaining to the next year’s budget of the European Union, especially with regard to cohesion funds and common agricultural policy.
The two countries share similar interests regarding these issues - to ensure equal access and prevent discrimination in the treatment of the new Member States of the European Union.
Prime Minister Valdis Dombrovskis and the President of the Central Bank of Poland have met already before because Marek Belka held a position of the Director of the European Department of the International Monetary Fund.
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