The Credit Rating Agency Said: Hungary May Be Able to Introduce the Euro in 2032
9 Articles
9 Articles
According to the rating agency, cutting the deficit is the biggest obstacle, but low inflation must also be made permanent. The reward can be cheaper financing.
Hungary could adopt the euro in 2032 at the earliest, according to the latest analysis by Fitch Ratings, if it manages to permanently reduce the budget deficit and the country joins the ERM II exchange rate mechanism in 2029.
The draft budget of the Hungarian government for 2027 and the medium-term objectives on the deficit of public finances are compatible with the government's objective that Hungary meet the criteria for joining the euro area by 2030, Fitch Ratings shows in its new assessment of the situation presented in London. The international rating agency recalled that, on ...
According to the international rating agency Fitch Ratings, Hungary could enter the European Exchange Rate Mechanism II (ERM II), mandatory for accession to the euro area, still in this decade and could introduce the euro at the beginning of the next decade, but by then it should achieve a significant fiscal consolidation, writes MTI, according to [...]
Hungary can take an important step towards adopting the euro as early as this decade, and the common European currency may appear in our country no earlier than 2032, according to Fitch Ratings' forecast. However, a serious condition must be met for this: significant budgetary consolidation and the creation of the necessary legal and institutional conditions will be necessary.
Hungary may join the eurozone in 2032 at the earliest, according to the latest analysis by Fitch Ratings, provided that the budget deficit is managed to be brought down permanently and the country enters the ERM-II exchange rate mechanism in 2029, Portfolio wrote.
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