Hungary Has Impressed Renowned Foreign Analysts: They Can Already See when We Can Say Goodbye to the Forint
7 Articles
7 Articles
Joining the euro would also provide Hungary with a financial safety net that could be of great value in times of serious global market turbulence. True, there are serious conditions for this.
Bank of America economists have issued a fairly positive analysis of Hungary's prospects after a personal visit to Budapest. They say Hungary's chances of joining the eurozone have improved, as the government is expected to set a deficit target of below 5 percent of GDP by 2027, exceeding market expectations. Following the presentation of the medium-term budget plan, preparatory negotiations for ERM II entry with the European Commission and the …
According to the expert, the primary question is not whether Hungarians want the euro, but whether we are aware of the price of rapid introduction.
A lot can now depend on the pace dictated by the government.
Zoltán Pogátsa believes that there is nothing wrong with the introduction of the euro in itself, but there is even more so with a forced, rapid introduction.
Hungary must sharply reduce its budget deficit to make debt financing sustainable and move the country closer to adopting the euro, according to Prime Minister Peter Magyar, Bloomberg News reports.
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
