The Finance Minister has said the United Kingdom leaving the European Union “in a regulated manner” is in Hungary’s interest, but Hungary needs to be prepared if Brexit happens without prior agreement between the UK and the community.
Mihály Varga told his European counterparts in Helsinki that the Hungarian government has made preparations for legislative changes necessitated by Brexit.
The Minister said that in light of the Hungarian economy’s achievements in recent years “a no-deal Brexit would not cause significant recession”.
Minister Varga said central and eastern Europe’s economic growth continues to be far above the EU average, making the region an important factor in strengthening Europe’s economy.
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