Lithuania's President Dalia Grybauskaitė attending the European Union's (EU) summit says there should be more specifics in the proposal of the community's largest members to set up a position of the euro zone finance minister and have a separate budget for the area.
Dalia Grybauskaitė
© DELFI / Andrius Ufartas

"So far, the names are grand and various, however, there is little content," Grybauskaitė told Brussels journalists.

In her words, Lithuania's support to the initiatives will depend on whether they contribute to a more efficient development of the euro zone.

Nevertheless, the president emphasized that radical changes were not necessary.

"What is most important to us that there are no radical changes to the agreements, as changing treaties does not always end well for Europe," said Grybauskaitė.

Supporters of euro zone integration says that a common treasury and a finance minister would help mitigate possible cries and reduce exclusion, while critics warn that the integration steps would further restrict sovereignty of countries and isolate the EU nations that are not members of the euro area.

Some 19 countries of the 28-member EU are part of the euro area.

BNS
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