Hungary’s real economic test
The country must enter the euro with an economy that can function well within a monetary union
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[CANNES] For the first time in more than a decade, a Hungarian government has said something about the euro that markets can actually plan around.
Prime Minister Peter Magyar’s government has just announced that, later this year, it will present a revised medium-term fiscal framework to meet the criteria for eurozone membership.
Euro adoption has drifted in and out of Hungarian policy debates for years, without ever becoming a serious governing objective. This is the first credible signal that something has changed.
