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Hungary to become most stable country in region by 2011, Oszkó says

 Hungary is to become the region's most stable economy by 2011, the year of the country's EU presidency, Finance Minister Péter Oszkó said at a conference titled “The Economic Crisis and the European Union” organized by the Hungarian Academy of Sciences in Budapest on Friday.

Hungary's general government deficit will fall under 3% according to experts, Oszkó said, emphasizing that the stringent budget policy must be continued and fiscal discipline maintained to achieve that end.

President of the National Bank of Hungary András Simor said it is a great lesson from the recent period that the euro has shown its true value as the countries that already adopted the single currency have been hit less hard by the crisis. (MTI-Econews)