The European currency can be introduced in Hungary on January 1, 2014 if the current economic policy is continued, Prime Minister Gordon Bajnai said on Friday.
Bajnai spoke at a business forum in Komlo (SW) and said that out of the Polish-Czech-Hungarian group Hungary could be the first to adopt the euro if the country’s economy continues to be as stable as it is now.
“One condition, however, is that we need to draw conclusions from the crisis … and cut our coat according to our cloth,” the prime minister said. He added that if the country used its new opportunities well, its economic growth could be 3 to 4 percent from 2011 on.
“Though only a few can see it now, Hungary’s economy has stopped plummeting and started an upward path. What we have to do is manage the resources created during the past year well and proceed to make Hungary a country of prosperity and dynamism – like it was in the second half of the 1990′s,” Bajnai said.
Does Bajnai take into consideration that those
“inviting” HU to join the Euro might be asking for
more now that Eire, Greece and Portugal have had
their little crisis? Or is it all just from his
perspective, that after doing a little bit of some
belt tightening for 1 year, HU has now shown that it
can be trusted more than any of these other, earlier
EUR entrants.
Changing currency won’t rid Hungary of its economic problems. Nor, for that matter, will a change of government be a cure-all for the deep-rooted corruption and inefficiency that has plagued Hungary and other eastern-central european country for decades.
Bokros balanced the account books when Fidesz
and MSZP messed things up.
Bokros is a token figure now and cannot rescue the sinking ship.
Orban Viktor is a spent force too even before he takes the reins once again to drive the horses over the cliff.
Hungarians – o my, o my, they keep shooting themselves in the foot. One day they might wake up
and start making some effort to deliver themselves from evil.
Some hope…some dream…some day.