National Bank of Hungary official urges equal treatment for member states outside of eurozone

The National Bank of Hungary supports closer cooperation between eurozone states, be it in the banking sector or capital markets, but care must be taken to ensure equitable conditions for member states that adopt the common currency later, the central bank’s managing director said at a roundtable talk in Paris late on Thursday.

The NBH basically backs any proposal that contributes to the renewal of the European Union, that strengthens the economy, improves financial stability and the sustainability of state debt, Dániel Palotai said. However, when these proposals — most of which concern a closer cooperation within the eurozone — are evaluated, the interests of member states outside of the eurozone must be considered: the principles of equal treatment and a level playing field must be respected, he added.

Any new proposal must also refrain from reducing cohesion funding, Palotai said.