Are you sure?

FinMin: 2010 eurozone target still possible

Hungary could still lower its deficit to 3% of GDP by 2008, the latest the country can meet the requirement if it is to adopt the euro by 2010, Finance Minister János Veres said yesterday. Veres made the announcement shortly after raising the country's deficit targets for both 2005 and 2006 to 6.1% and 4.7% of GDP, respectively. Veres said achieving a 3% of GDP deficit just a year after a 4.7% of GDP deficit was not impossible. (MTI; Nb 1, NG 2, Nv 5)