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Orbán: Euro introduction could wait decades

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If the Hungarian government has a good fiscal policy and the central bank a good monetary policy then the national currency of a country with 10 million inhabitants can be an asset, which can remain strong for decades, Hungary’s Prime Minister Viktor Orbán said in an interview with Napi Gazdaság today.

According to the prime minister, just as with Czech Republic and Poland, Hungary is stalling on the introduction of the Euro because “remaining standing is the only alternative for staying competitive”.

Sovereignty

If Hungary wants to be sovereign, as a member of the European Union and the NATO, it needs to gain great influence in four key fields, according to the prime minister. These four fields are the banking sector, media, the energy sector and the commercial sector, in particular food retail.

Regarding the banking sector, Orbán said the Hungarian government’s ownership is over 50%, which is “good”. With regards to media, however, Hungary “could do better”. According to Orbán a country cannot be sovereign in which media outlets affecting public opinion are owned by foreigners.

Similar to the banking sector, Orbán believes that the energy sector in Hungary is “improving” and will “keep improving” in the future, while in the case of the commercial sector there is still room for improvement.

Civil Hungary

According to Orbán, his government has established the prerequisites for a “civil Hungary” where every Hungarian citizen will be able to “take a step forward”. The prime minister sees living standards becoming “better and more comfortable” for those who “make a living by working”. Orbán foresees “more jobs” and “less taxes” in the future.

 

 

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