HUNGARIAN EURO-ZONE ENTRY, AS EARLY OR AS LATE AS POSSIBLE?

Abstract

Analysing the performance of the Hungarian economy we can say that the distances from reaching the Maastricht criteria are different, but the ongoing tendencies are positive. Latest by 2013 realistically all the criterions can be met.
Concerning the policy related to Hungarian euro-zone entry both from the
Hungarian and EU institutions sides there are possibilities for an as soon as
possible and an as late as possible approach. The new government can decide
the appropriate policy. The positive scenario (which is better for the economy):
is a 2014 euro-zone entry with crucial reforms in the budgetary system, together with sizable tax reductions. The negative scenario is that there is no entry
during the next political cycle for Hungary.