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Lithuanian President Calls on Parties to Resist ‘Empty Promises’

July 12 (Bloomberg) -- Lithuanian President Dalia Grybauskaite called on political parties to resist making pre-election promises that they may struggle to keep as Europe’s debt crisis threatens the Baltic nation’s economy.

The next government must keep the budget deficit within 3 percent of gross domestic product, Grybauskaite told a news conference today in the capital, Vilnius. Still, “careful and gradual” increases in public wages may be possible as GDP grows at the European Union’s second-fastest pace, she added.

“We’ll have an interesting yet complicated period that requires responsible actions from politicians and an awareness of events surrounding Lithuania,” Grybauskaite said. “We need people to be dubious over empty promises” in the election campaign “because there are neither possibilities nor the money for them.”

Lithuanians go to the polls Oct. 14 to elect a new parliament. The Homeland Union party of Prime Minister Andrius Kubilius, who pushed through austerity measures totaling 15 percent of GDP in 2009-2010, has 8.5 percent support and trails three opposition parties, according to a survey by Spinter Tyrimai for the Delfi online news service published yesterday.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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