Hungary may delay euro adoption until 2009 or 2010

Hungary's central bank chief has said the country will have to delay adoption of the euro until 2009 or 2010 if Hungary is not able to meet budget deficit targets.

Source: EurActiv

The Governor of the Hungarian Central Bank, Zsigmond Jarai, has warned that Hungary will have to delay its adoption of the euro until 2009 or 2010 unless the country is able to meet the strict budget deficit targets.

The Hungarian Central Bank chief believes that early euro membership in 2007 or 2008 is the preferred

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