international
Hungary moves back to EU mainstream with eurozone bid
Key takeaways
- Hungary's new leadership wants the country to adopt the euro by the end of the decade while repairing strained ties with Brussels.
- Part of that mission is a plan to have the country ready to join the euro by the end of the decade.
- Some, including the governor of the central bank, suggest that timeframe could be overly ambitious, given that outgoing Prime Minister Viktor Orban will hand over a sluggish economy and a fiscal mess.
Why this matters: an international story with cross-border implications worth tracking.
Hungary's new leadership wants the country to adopt the euro by the end of the decade while repairing strained ties with Brussels. But with a weak economy and tight deadlines, experts warn the path will be steep.
https://p.dw.com/p/5DJFn Peter Magyar, Hungary's premier-in-waiting, has a long to-do list to get the country on track to join the eurozone Image: Daniel Alfoldi/ZUMA/picture alliance Advertisement Hungary's premier-in-waiting, Peter Magyar, is keen to secure a return to the European Union mainstream and is moving quickly to mend fences.
Part of that mission is a plan to have the country ready to join the euro by the end of the decade.
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