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Feb 05, 2019

NBH governor: Hungary will adopt the euro “in the coming decades”

During his speech at the central bank’s annual Lámfalussy Lectures on Monday, Matolcsy said an entirely “mature euro” is necessary for the common currency to be able to withstand future crises

National Bank of Hungary (NBH) governor György Matolcsy has said that Hungary will adopt the euro “in the coming decades”.

The governor added that before this were to happen the country needs to learn from the lessons of the past concerning the processes affecting the common currency.

During his speech at the central bank’s annual Lámfalussy Lectures on Monday, Matolcsy said an entirely “mature euro” is necessary for the common currency to be able to withstand future crises.

Matolcsy noted that when the euro was introduced, Europe was enjoying prosperous times and there was no thought of another economic crisis.