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

Trump admin sanctions Brazilian judge overseeing Bolsonaro coup-plot...

July 30, 2025

Ex-Clinton official applauds Trump’s ‘courageous’ Iran call, doubts...

June 23, 2025

Google CEO, major tech leaders join first lady...

September 4, 2025

With 13 days until voting starts, ‘election season’...

August 24, 2024

Trump inks trade deal with UK, previews China...

May 10, 2025

DOGE slashes millions more in ‘nonsense’ contracts across...

February 12, 2025

Musk tells Cabinet that DOGE email was ‘pulse...

February 26, 2025

WH maintains Trump consistent in firm stance on...

June 18, 2025

‘It’s wrong’: Hawley warns Senate GOP not to...

June 16, 2025

Trump suggests US could join British Commonwealth if...

March 22, 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

    • Potential Supreme Court candidates join ‘unprecedented’ panel to tackle antisemitism

      November 1, 2025
    • Bombshell report shows foreign charities dumped billions into US political advocacy groups, ‘erode’ democracy

      October 31, 2025
    • Trump designates Nigeria as ‘country of particular concern’ over widespread Christian persecution, killings

      October 31, 2025
    • Senate talks show signs of progress as government shutdown grinds into 2nd month

      October 31, 2025
    • Johnson raises shutdown stakes on Schumer as food stamp deadline, Obamacare cliff loom

      October 31, 2025
    • Bombshell report shows foreign charities dumped billions into US political advocacy groups, ‘erode democracy’

      October 31, 2025

    Categories

    • Business (820)
    • Investing (661)
    • Politics (6,182)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    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 © 2025 WhaleLargeCapital.com | All Rights Reserved