Adopting the European currency and thus “stabilising” the country’s position in the European Union is “clearly” in Hungary’s interest, opposition Socialist MEP István Újhelyi said on Facebook on Sunday.
Újhelyi insisted that the government was “deliberately weakening the forint” to benefit “its own circle of friends, the oligarchs”. He added that the weak forint and “brutal” inflation were heavily weighing on wage earners.
Újhelyi noted that while the euro-forint exchange rate was around 1:280 in 2010, the euro was now trading above 350 forints.
Újhelyi went on to say that Prime Minister Viktor Orbán “does not really mean to adopt the euro because that would cement Hungary in the EU and he would lose his room for manoeuvre to blackmail Brussels and woo Moscow and other Eastern dictatorships”.
Due to Orbán’s dreadful policies, which make only few oligarchs profit and people’s spending power get eroded by inflation, the forint will soon be worth peanuts. Time to change currency, before Hungary ends up like Jugoslavia in the 1980-90s, printing bills with nine and more zero. Weak currency is good for export, but what is Hungary exporting except for young emigrants? Almost nothing really valuable.
It would be very beneficial if Hungary could EXPORT individuals like Mario but it is highly unlikely that such useless creatures could even be ‘given away’ for free.
Is that the best the Socialists can come up with as an economic policy?
2020 is going to be a poor year economically due to the Chinese flu impact. But if you look at the economic and wage growth of the three years 2016 to 2019 Hungary performed well above the EU average.
There is no valid economic reason for Hungary to join the Euro now. The idea to join the Euro as a way to weaken the Prime Minister just show how anti Hungary the socialists are!
Adopting the euro is a BAD BAD Idea. Don’t Do it, it will be worst mistake the Hungarian government can make. It will further wreck the Hungarian economy and devastate the elderly and poorest Hungarians. Do NOT listen to Mario a well spoken die hard socialist (communist) who wants Hungary back in the chains of Marxism.
Bruce, I doubt Mario lives in Hungary, most likely he is an employee of Soro’s living in the US who is paid to troll websites like this one and spread Soro’s bad ideas.