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Simor urges speedier eurozone accession

Hungary must speed up its integration into the eurozone, National Bank of Hungary (MNB) governor Andras Simor said in Washington.

Hungary may meet the conditions to adopt the euro by 2014 or 2015 but it needs to make sure to have a “sustainable framework for integration”, Bloomberg quoted Simor as saying.

Euro adoption is “something that’s primarily the government’s responsibility, together with the central bank. We haven’t heard from the government so far,” he said.

Government chief of staff Mihály Varga on September 30 said the government must come up with a credible road map that lets Hungary join the euro area within a realistic timeframe. (BBJ)