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Hungary central bank head says euro a 'strategic error': Financial Times
European Union member states, both in and outside the euro zone, should admit that the euro has been a “strategic error”, the Governor of the National Bank of Hungary (NBH) said in an opinion piece published in the Financial Times. Hungary, which has followed a go-it-alone mix of economic policies since Prime Minister Viktor Orban rose to power in 2010, is not member of the euro zone and does not have a target date for euro adoption. The government and the central bank have said Hungary should not join the euro before its economy is sufficiently strong. Now NBH Governor Gyorgy Matolcsy said time has come for ... (full story)