Hungary's Simor questions Maastricht criteria

Andras Simor, the president of Hungary's central bank, told reporters in Bucharest on 17 July that the Maastricht criteria for the adoption of the euro "might not be as appropriate for emerging countries as for the more developed ones."

He emphasised, however, that Hungary "would like to join the eurozone" and said that as governor of the central bank his role was not to "try to criticise those criteria but rather to make sure that we meet the criteria."

The country needs to bring inflation down

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