• Hungary’s incoming Prime Minister Peter Magyar aims to return Hungary to the EU mainstream, including a plan to adopt the euro by the end of the decade.
  • The central bank governor and analysts consider the 2030 target overly ambitious due to a sluggish economy and fiscal mess left by outgoing PM Viktor Orban.
  • Hungary currently fails to meet the Maastricht criteria on inflation, debt, budget deficit, and currency stability.
  • About 75% of Hungarians support euro adoption, but most believe the country is not yet ready.
  • Magyar’s government is urging Brussels to unfreeze €17 billion in funding blocked due to Orban’s rule-of-law backsliding.

Sources & Links