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Orban: Not Joining Eurozone in the Next Ten Years

Published: July 23, 2013; 21:34 · (Vindobona)

Hungary´s Prime Minister thinks that his country should not become a member of the euro area in the medium term.

Orban: Not Joining Eurozone in the Next Ten Years / Picture: © Flickr / European People's Party - EPP

At the moment, Hungary´s economy is not developed sufficiently, Orban argues. The centre-right Prime Minister explains that joining the Eurozone may become debatable when Hungary´s GDP reaches at least 90% of the Eurozone. Taking purchasing power into account, Hungary´s GDP comes at 61% of the Eurozone average at the moment. As a result, it will take more than ten years to switch to…

This article includes a total of 217 words.

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