Tuesday, 02 January 2024 12:17 GMT

Orban Rejects Euro Adoption


(MENAFN) Hungarian Prime Minister Viktor Orban has firmly ruled out the possibility of Hungary adopting the euro, stating that the European Union is "falling apart."

While EU members are typically expected to join the Eurozone—aside from Denmark, which has a formal exemption—seven of the 27 member nations still retain their national currencies.

During an interview published Monday by an economic outlet, Orban was asked if Hungary would transition to the euro.

His response was unequivocal: “It will definitely not be on my agenda.”

He went on to assert, “The European Union is in trouble, in the process of disintegration, it is currently falling apart.”

The Hungarian prime minister emphasized that, under current conditions, he sees no benefit in further integrating Hungary’s future with that of the EU.

He has grown increasingly critical of the Union in recent years, particularly over issues such as military assistance to Ukraine, sanctions targeting Russia, and what he perceives as an escalating emphasis on militarization.

Orban has also pledged to block Ukraine’s bid to join the EU, warning that Ukrainian membership could devastate the bloc’s economy and drag it into direct conflict with Russia.

EU leaders, meanwhile, have been ramping up efforts to expedite Ukraine’s accession process and boost military aid—moves Orban sharply criticized last week on X, claiming they clearly indicate that “the Brusselians want to go to war.”

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