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PM puts Hungary euro adoption date to between 2012 and 2014

Hungarian Prime Minister Ferenc Gyurcsány said that he thinks the country will be able to adopt the single European currency no later than 2014.

“I see a possibility (to adopt the euro) not before 2012, but not later than 2014,” Gyurcsány told foreign journalists, Dow Jones reported.

The premier said first an elaborate program leading to the nominal and real convergence needed for euro adoption must be drawn up.

“The proper order is to elaborate a program (first) and at the end of the program fix a (euro target) date,” Gyurcsány said. (MTI – Econews)