CNBС: Hungary as long as uninteresting entry into the Eurozone
Hungary, becoming a member of the European Union ten years ago, is in no hurry to join the Euro area, the Hungarian authorities believe that at present the country has a lot of merit and without it, writes referring to the opinion of the Hungarian bureaucrats.
Investors and observers believed that Hungary will join the Euro soon after joining the EU, but it is up to the present moment does not seek to fulfill the rules for entry into monetary Union. For example, the country has a high level of public debt, which in 2010 amounted to 83% of GDP and still drops extremely quickly. For entry into the Eurozone state dog must be less than 60% of GDP, broadcast television channel.
in Hungary in circulation still has its own currency, the Forint, and the transition to the single currency is no longer a " direct interest " for the state, informs CNBC referring to the Hungarian Secretary of state for public diplomacy and public Affairs, Hungary Zoltan Kovacs.
" The alignment with the Euro area At a given time has advantages for the state. Currently, tax policy and the truth helps the economy, and we try to effectively use it for strategic decisions ", - quotes TV Zoltan Kovacs.
Also Kovacs believes that Hungary does not make sense to join the Euro area, as long as the economy does not meet the standards that would allow the country to benefit from joining a currency Union.
Now the situation in Ukraine has a negative impact on the Hungarian economy, one way or another, foreign investment inflows into the country, and the introduction of the Euro does not enhance the flow of investment, emphasizes CNBC.
" Those who do not invest in Hungary only because our currency is not Euro, quite a bit. The Forint market is very dynamic. You have the opportunity to exchange euros and dollars in the HUF is quite simple, even if it's a large amount. I don't think that will be a big change, if we join the Euro zone, " - quoted by TV Director of the Budapest stock exchange Zsolt to Cato.
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