If the opposition wins, Hungary will have euro by 2027 – UPDATED

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Parties of the united opposition presented their ideas concerning a possible introduction of the euro, taxes, inflation, job creation and budget management at a roundtable organised by the Civitas Institute on Thursday.

Párbeszéd MP Tamás Mellár said the opposition’s plans to introduce the European common currency were “very good”, but added that the programme would take at least five years to complete. Hungary could not at present meet the Maastricht criteria for the introduction of the euro, but aspirants are expected to present a “credible programme” outlining a schedule, he said. Mellar insisted that the current policy of currency devaluation could not be maintained and suggested that the exchange rate of the forint should be kept within “a very narrow” band.

Democratic Coalition MP László Varjú added that “there has been no political will” to join the euro zone in the past ten years despite “there being opportunities”.

LMP’s Antal Csárdi called for a graded personal income tax to replace the single bracket system, adding that minimum wages should be exempt from tax.

Participants in the roundtable also agreed that the VAT system should be changed, and said it was “not without precedent” in Europe to have multiple VAT brackets. Dániel Z. Kárpát of Jobbik said Hungary had the highest VAT rate in Europe on products for children.

Zoltán Vajda, representing the Socialist Party and the Everybody’s Hungary Movement, said the central bank’s policies were “irresponsible”, and criticised the bank’s purchases of government securities and its foundations. He insisted that the central bank’s continual base rate hikes were ineffective and failed to strengthen the national currency.

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2 Comments

  1. All the more reason for Hungarians to VOTE against all the leftist sausage coalition traitor candidates to Hungary. If you think adapting the Euro will help Hungarians financially you need to have your head examined. It will devastate the pensioners, the lower wage workers. Ask the Greeks, The Italians about how well theyy made out. Greece and Italy are still suffering from adapting the Euro. Adapting the Euro will also make it harder for the Hungarian government to resist the tyrannical edicts of Brussels and eventually leave the E.U. Vote wisely and keep out all of the leftist traitors.

  2. Hungarians! You are being scammed. Adoption of the Euro is the price EU is demanding for its support of the Opposition.

    Giving away your currency means giving away your country!

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