PM Orban says Hungary should not adopt euro as EU is 'disintegrating' By Reuters

Hungarian Prime Minister Viktor Orbán stated that Hungary should not adopt the euro, citing the European Union's 'disintegration' as a reason to avoid closer ties with the bloc.

In a Monday interview with EconomX, Viktor Orbán emphasized Hungary's decision to refrain from adopting the euro due to perceived instability in the European Union.
Orbán voiced concerns that aligning Hungary's economic future more closely with the EU could be detrimental as he believes the bloc is currently 'disintegrating'.
Hungary relies heavily on the EU economically, yet Orbán's stance reflects a desire for greater autonomy in the face of EU uncertainties.
The euro adoption debate in Hungary has been ongoing, with Orbán's comments reigniting discussions about the nation's monetary policy and EU relations.

Why It Matters

Orbán's rejection of euro adoption signals a significant shift in Hungary's economic strategy and its relationship with the EU. This decision may impact Hungary's economic stability and future negotiations with the bloc. Observers should watch for potential changes in Hungary's fiscal policies and how this stance may influence EU cohesion and relations with other member states.