Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

European prime minister resigns after protests over past financial dealings

by July 31, 2025
July 31, 2025
European prime minister resigns after protests over past financial dealings

Lithuanian Prime Minister Gintautas Paluckas resigned on Thursday following protests in the country’s capital over investigations into his alleged business dealings. 

‘Gintautas Paluckas called me this morning and informed me of his resignation,’ Lithuanian President Gitanas Nausėda told reporters, according to Lithuanian National Radio and Television (LRT). Nausėda also said Paluckas made the right choice and welcomed the decision.

Nausėda recently gave Paluckas two weeks to decide whether or not to stay in his position.

‘The president has asked the prime minister to either give a reasoned answer to the questions raised by the public in the next two weeks, or to consider seriously his further options as prime minister,’ presidential adviser Frederikas Jansonas told reporters on July 24, according to LRT.

The prime minister’s resignation also comes after a smaller party threatened to exit the country’s ruling coalition unless Paluckas stepped down from his position.

After media outlets began publishing investigations into Paluckas’ business and financial dealings, Lithuania’s anti-corruption and law enforcement agencies launched probes of their own, according to the Associated Press. One of the cases against him is more than a decade old. 

In 2012, Paluckas was convicted of mishandling the bidding process for rat extermination in Vilnius, where he was serving as the director of the city’s municipality administration, the Associated Press reported. However, it has been revealed that he did not pay a chunk of the nearly $20,000 fine.

A more recent scandal involved a €200,000 ($228,777) subsidized loan that Garnis, a company Paluckas co-founded, received after Paluckas was already serving as prime minister, according to LRT. The outlet added that Lithuania’s Chief Official Ethics Commission is investigating the loan. 

Garnis was also linked to a more recent scandal involving the prime minister in which Dankora — Paluckas’ sister-in-law’s company — received EU funding and used it to purchase goods from Garnis. However, according to LRT, public outcry pushed Dankora to return the funds.

Paluckas denies any wrongdoing and claims the criticism is part of a ‘coordinated attack’ by his political opponents, according to the Associated Press. 

The prime minister’s resignation puts Lithuania in a precarious position, as it comes just before Russia and Belarus hold joint military exercises. Paluckas’ whole cabinet is expected to resign as well, possibly leaving the Baltic country without a functioning government just weeks ahead of the Russian-Belarusian exercises, according to the Associated Press. However, this may not impact Lithuania’s foreign policy, as Nausėda, who represents the country on a global scale, has been an ardent supporter of Ukraine during its years-long war with Russia.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Trump brushes back Russia’s Medvedev after ‘war’ warning: ‘Watch his words’
next post
Ex-Biden advisor Mike Donilon sits down with House investigators in autopen probe

You may also like

Deciphering Donald Trump: How his rhetoric sends different...

February 25, 2025

President Trump reveals what he told Zelenskyy during...

May 1, 2025

FLASHBACK: Ted Cruz predicts ballooning Obamacare subsidies now...

October 22, 2025

EXCLUSIVE: Karoline Leavitt slams Hakeem Jeffries as ‘stone-cold...

October 17, 2025

As Trump urges deal, Cuban president warns that...

January 12, 2026

Trump team calls out Walz for ‘weird flex’...

August 22, 2024

Vance blames Schumer’s fear of AOC primary challenge...

October 1, 2025

Schumer’s ‘Apprentice’ praise of Trump goes viral: ‘Going...

April 21, 2025

VP Harris releasing detailed medical report, challenging Trump...

October 12, 2024

New children’s book seeks to teach kids Halloween’s...

October 29, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Swalwell threatens FBI with legal action as Patel reportedly weighs ‘Fang Fang’ files release

      March 31, 2026
    • Democrats pounce on $4 a gallon gas, blame Trump’s Iran war for ‘broken promise’

      March 31, 2026
    • Supreme Court blocks Colorado’s so-called ‘conversion therapy’ ban on First Amendment grounds

      March 31, 2026
    • DHS rips Jimmy Kimmel for mocking Secretary Markwayne Mullin’s plumbing background

      March 31, 2026
    • Scoop: House Speaker Mike Johnson’s allies unleash $10M campaign to spotlight Trump tax cuts

      March 31, 2026
    • ‘Useful puppet’: Eric Swalwell in the hot seat after traveling to Doha on several Qatar-sponsored trips

      March 31, 2026

    Categories

    • Business (877)
    • Investing (661)
    • Politics (7,983)
    • World News (3,213)

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 whalelargecapital.com | All Rights Reserved