The minister said he is due to meet Kyriakos Pierrakakis, President of the Eurogroup, together with Prime Minister Péter Magyar in Budapest on Friday.

Kármán noted that he had already held bilateral talks with Pierrakakis during the ECOFIN meeting in Cyprus in May.

Commenting on the mortgage interest-rate freeze, the minister said the government had repeatedly argued that with responsible economic policy and a predictable budget, the previous administration would not have needed to introduce and maintain what he described as a market-distorting measure.

He added that the government plans to maintain the interest-rate freeze until the beginning of October while allowing time for consultations, so that the measure can be phased out in a way that ensures support reaches those who genuinely need it.

Kármán’s remarks signal the government’s intention to align Hungary more closely with eurozone entry requirements. However, meeting the Maastricht criteria by 2030 would not automatically mean introducing the euro by that date; rather, it would place Hungary in a position to proceed with the formal accession process once the necessary economic and institutional conditions are fulfilled.

Photo: Pixabay
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Source: MTI – Hungary’s national news agency since 1881.

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