Hungary likely to join euro zone in 2019 - JP Morgan.

By bne IntelliNews December 7, 2010
Hungary will adopt the euro in 2019, Hungary Around the Clock reported, quoting the new euro convergence report of investment bank JP Morgan. In its previous report, the bank had set 2016 as a likely deadline. The reason for the delay is that Hungary does not meet the Maastricht requirement for state debt to stay below 60% of GDP. According to the bank report, the country needs to join the euro zone especially because of its significant stock of credits, denominated in foreign currency.

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