"Whatever the new financial instruments for solving problems of the euro zone are, they should not be created at the expense of the common long-term EU budget," the President was quoted by her press office.
At the summit, EU leaders agreed that banks in the euro zone will be supervised by a central institution starting in 2013; however, they did not set a specific date. The process should in the future enable troubled banks receive money directly from the European financial rescue foundations.
In Grybauskaitė's words, Lithuania supports all measures which will help Europe recover more rapidly and overcome hardships effectively.
Nevertheless, the president emphasized that "Lithuania will not rush to join them before all details, rights, and obligations of EU member states are known."
No new financial mechanisms or instruments should affect the 2014-2020 EU financial perspective, she said. Lithuania has repeatedly stressed it was against bids from some countries to cut the common EU budget.
Grybauskaitė underlined that no action or decision-making within the European Union should increase differences between euro area and non-euro area states or distort the principles of Europe's single market.
Lithuania intends to adopt the euro in 2014 or 2015.
