27.06.2026 11:51
Hungarian Prime Minister Peter Magyar announced that they aim to meet the necessary criteria to join the Eurozone around 2030, in order to strengthen the country's economic stability and leave behind the fiscal mistakes of the past period.
Hungarian Prime Minister Peter Magyar announced that they aim to meet the conditions for joining the Eurozone.
TARGET: 2030
According to the Hungarian press, Prime Minister Magyar spoke at a joint press conference held in the capital Budapest with Eurogroup President and Greek Finance Minister Kyriakos Pierrakakis, and Hungarian Finance Minister Andras Karman.
Magyar stated that fulfilling the Maastricht Criteria would contribute to the country's stability and development, and reported that they aim to meet the necessary conditions to join the Eurozone around 2030.
Magyar noted that adopting the Euro would bring greater economic stability, and also prevent the repetition of the "fiscal mistakes" of the Viktor Orban administration.
Magyar emphasized that meeting the Maastricht Criteria would strengthen the Hungarian economy by restoring investor confidence and making the country more predictable for businesses.
BIGGEST OBSTACLES: BUDGET DEFICIT AND PUBLIC DEBT
Magyar shared that Hungary has so far not met the necessary conditions to adopt the Euro, and stated that reducing the country's budget deficit and public debt would be the most challenging obstacles on the path to Euro adoption.
For European Union (EU) member states to adopt the Euro, the conditions known as the Maastricht Criteria—price stability, sustainable public finances, exchange rate stability, and low long-term interest rates—must be met.