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Hungary Shelves Euro Entry for Two Decades
Hungary should eschew the crisis-hit euro for about two more decades and strengthen the economy its own way, its economy minister said in a newspaper column on Thursday. After missing a series of target dates under different governments, Budapest had most recently flagged 2020 as a potential date of euro accession. "The euro zone faces a protracted financial and economic crisis because it grasped too much and aimed too high," Gyorgy Matolcsy, the architect of an economic program that has upset some in the pension and banking industry and prompted protests from abroad, wrote in his regular column in the weekly ... (full story)
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