Report: Orbán questions joining the eurozone


Prime Minister Viktor Orbán suggested skepticism about Hungaryʼs entry into the single-currency eurozone in a speech today, during which he reportedly asked: “How is it possible that the economic performance of those in the eurozone lags behind as compared to those who are outside?”

Foreign Minister Péter Szijjártó follows Hungaryʼs Prime Minister Viktor Orbán as the two politicians arrive at the meeting organized for ambassadors. (Photo: MTI/Szilárd Koszicsák)

While he insisted that he had not decided on the issue, during a meeting of ambassadors organized at the Ministry of Foreign Affairs and Trade today, Orbán did say that joining the eurozone would result in a mutual tax, pension and social benefit system, and if all these are harmonized “what makes us an independent state?”, reported. He added that in such a system decisions could be made “somewhere else” and not in the “capital”, said.

Orbán said that one of the most important questions in the upcoming years will be whether Hungary gives up its sovereignty and joins the core of Europe or “undertakes the risks of staying outside”, according to He did mention benefits of joining the currency union, saying that he believes there is a “core community” inside the European Union which is in an ever tightening cooperation due to the mutual currency, and the countries outside the eurozone are being left out, according to 

Whatever the decision, the Fundamental Law of Hungary states that the Hungarian currency is the forint, and changing that law means, a two thirds vote in Parliament is required, Orbán noted. He reportedly said that means that there must be “national agreement” on the issue.


PMI Falls Under 50 Analysis

PMI Falls Under 50

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

Blue Chip Art and Passion Assets - Claudia Worthington Hess ... Podcasts

Blue Chip Art and Passion Assets - Claudia Worthington Hess ...

Magyar Posta to Close 35 Post Offices in Capital City

Magyar Posta to Close 35 Post Offices in Capital


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.