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BÉT chair says 2010 euro target date must be kept

Hungary should not give up its 2010 euro target date, Attila Szalay-Berzeviczy chairman of the Budapest Stock Exchange (BÉT) said, responding to a request by the junior governing party SZDSZ to support their campaign to keep the target. Giving up 2010 would also enable political leaders to delay resolute and strict government moves required to recover fiscal balance, Szalay-Berzeviczy said. This would harm Hungary's credibility and cause uncertainty and unpredictability in the financial markets, discouraging investors, he added. Last Wednesday, SZDSZ leader Gábor Kuncze asked business and finance leaders to support his party's efforts to persuade the government not to renege on the target of joining the euro zone in 2010.