- 23 Jan 2020 7:54 AM
Launching the euro “was a mistake” as almost none of the preconditions for a common currency had been met at the time, György Matolcsy, the governor of Hungary’s central bank, said in an article published in the Financial Times.
The opposition Párbeszéd party submitted a draft resolution to parliament calling on the government to take steps so that the euro can be introduced in Hungary as soon as possible.
The growth model of the Hungarian economy needs to be developed further to put the country on a sustainable catch-up path in the long term, the governor of the National Bank told an economic conference in Nyíregyháza, in north-east Hungary.
Hungary will adopt the euro “in the coming decades” and needs to learn from the lessons of the past concerning the processes affecting the common currency, National Bank of Hungary (NBH) governor György Matolcsy said in a presentation delivered at the central bank’s annual Lamfalussy Lectures.