After Bulgaria, Hungary Is Preparing to Adopt the Euro. "We Want the Successful Introduction of the Euro," Says the Hungarian Governor - HotNews.ro
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9 Articles
There was a time when politics wanted it, but it did not meet the criteria, there were times when they were met, but politics did not want it, for some time now there has been neither will nor fulfillment – until now. The market has already priced in 60 percent of Tisza's euro adoption plans, said the central bank president.
"We want a successful introduction of the euro, not necessarily a quick one, but, of course, if it is fast, no one will object," said Mihály Varga, head of the Central Bank of Hungary, on Thursday at the 64th Itinerant Meeting of the Economists. According to Mihály Varga, the conditions for a successful introduction are social support, a real economy ...
The official program of the 64th Economists' Traveling Meeting begins, where after the opening ceremony, Mihály Varga, the President of the Hungarian National Bank, will give the first lecture. The President of the MNB will talk about the circumstances, possible path and necessary conditions for Hungary's euro adoption. Portfolio will report on the conference and the presentation of the Central Bank President from the venue.
Hungary is on the verge of a step of historic economic significance, but fulfilling the Maastricht conditions alone is not enough for a successful euro adoption. According to the Governor of the Central Bank, Mihály Varga, the ultimate goal is to increase the well-being of the Hungarian people and to bring the economy into line with that of neighboring countries. Although the elimination of exchange rate risk and lower transaction costs are sign…
Hungary aims to meet the criteria for the adoption of the euro around 2030, while Romania continues to have serious problems with the budget deficit and inflation. After Bulgaria's entry into the euro area, the differences between countries in the region become increasingly visible.
Although many expected it, the central bank governor did not announce a change in the inflation target - but he confirmed that the Hungarian National Bank (MNB) is preparing for a gradual reduction. According to Mihály Varga, the point is not to introduce the common currency quickly, but to do it successfully - and this depends on proper preparation.
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