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Poll-leader Péter Magyar makes historic pledge on the Hungarian euro introduction
Prime Minister Viktor Orbán and his government’s economic policymakers have repeatedly stated that they have no intention of introducing the Hungarian euro, deeming the country unready. Péter Magyar’s Tisza Party takes a radically different view—and has now made firm commitments on the matter.
Only Poland, Romania, Czechia, and Hungary without euro
It is hardly surprising that the euro question has not become a centrepiece of the current parliamentary election campaign, even though its adoption, or continued absence, arguably affects our daily lives more profoundly than any other issue. Bulgaria joined the eurozone on 1 January this year, Croatia did so three years ago, and the currency is already in use by Slovaks, Slovenes, and Austrians. Among neighbouring EU states, only Romania, Poland, the Czech Republic, and Hungary remain outside.
Mr Orbán insists Hungary is not ready for the euro because the economy lacks sufficient stability. He invariably deploys his familiar anti-Brussels rhetoric when making the case against it, arguing that there is little merit in tying Hungary more closely to a disintegrating EU—even in financial matters. In an interview with Economx, he declared that “the euro will not be on the table” in Hungary for as long as he holds power.
Why does Mr Orbán oppose the Hungarian euro?
According to HVG, the answer is relatively straightforward. The forint, as an independent currency, is far too vital to the Orbán system. It allows certain processes to be obscured, while others can be spun within the realm of political messaging. The magazine argues that the government can thus “play” with exchange rates, inflation, and interest rates, yielding significant political advantages in key moments. Economic policymakers can, for instance, easily blame high inflation on the war raging nearby, rather than inviting scrutiny of deeper macroeconomic causes. Adopting the single currency would make such manoeuvres far more difficult, HVG contends.
Tisza wants the euro—but with consultation first
On Saturday, Péter Magyar’s Tisza Party unveiled its manifesto, pledging to launch expert and public consultations on euro adoption. This may sound rather tepid, yet it signals openness within the party to paying with the euro within a foreseeable timeframe—a prospect unimaginable under Mr Orbán’s continued rule. Tisza goes further, aiming to set a realistic target date. The party also commits to meeting the eurozone’s strict convergence criteria: a budget deficit below 3 per cent, falling public debt, sustainably low inflation and interest rates, and a stable forint exchange rate.
Some analysts have dubbed the moment historic. Ferenc Faragó, who writes under the pseudonym Vakmajom, hailed the inclusion of euro adoption in the government programme as a potential game-changer. “If this one point from the 240-page document is realised—and it is the most important—it would already be a historic success,” he said. “So much else hinges on it; so much that is useful and good.”
Hungarians favour the euro
A summer 2025 Eurobarometer survey found overwhelming Hungarian support for euro adoption: 41 per cent want it as soon as possible, and 37 per cent back introducing it on a set target date. Just a decade ago, only 16 per cent urged immediate adoption.
Polls from independent research institutes suggest Tisza has a strong chance of victory in the 2026 elections, with leads of up to 400,000–500,000 votes in various surveys, assuming the data hold true.
Check out more of our articles concerning the latest poll results about the outcome of the April general elections:
- Could Orbán lose the 2026 election over Minister Lázár’s ‘toilet-cleaning gypsies’ remark? Alarmingly stark poll data emerges
- Latest polls – Strong Orbán numbers, weak party showing: Tisza stays ahead of Fidesz
Sure.
Why not make Hungary vulnerable to foreign, belligerent entities, cutting off money supply. It can’t go wrong….
Like sure, the EU said to Greece, “you obey or else”, and they didn’t obey, so the EU Revoked Greece’s privilege to use money, and then in days, Greece decided to obey.
But that can’t happen here….. because they love us….
Ok, if you don’t want to be a slave, we MUST stop this. At all costs.
If anything, Euro adoption is a trade-off, Hungary is already exposed to foreign pressure, every day. The HUF has persistent high inflation, there are forex swings, imports are more expensive, and we have high interest rates to defend the currency. In my business, we deal with this, every day (disclosure – we do a shedload work in the EU and US).
So – in exchange for stricter budget discipline, we get less currency chaos, which is good for trade and prices. And I don’t have to raise Hungarian wages twice a year (I hope) – which is not necessary in Euroland.
And uh. The Greek banking crisis was about bank liquidity, capital flight, and bad fiscal management. It worked out pretty well for them, in the end: https://www.bankofgreece.gr/Publications/Note_on_the_Greek_economy_20_06_2025.pdf
What a nonsense!!!
Orbán is quite happy to maneuver using the Ft. While year to year the Ft is getting weaker and weaker and the government is only blaming the air for whatever idiotness they make!
Ask Hungarians what they want and then the decision to be made!
I work in the investment fund industry and, knowing the specificities of the Hungarian economy, it would not be a smart move to join the Eurozone. I understand that Hungarians are worried about their decreasing purchasing power, but just have a look at the drop in purchasing power experienced by the French or the Portuguese (who are in the Eurozone) since 2023 to understand that the currency is not the main driver for general impoverishment.
Hungary’s situation is not comparable to Bulgaria’s because I have never seen Bulgaria taking consensus-breaking positions on the international stage.
My advice: stick to the Forint still for a little while.
From the extensive experience of more than 25 years of living with that worthless currency, the conclusion is this:
The means, the euro.
The goal, the overthrow of every sovereign country and making way for the poisonous tentacles of the Nazis from Brussels.
This time the target in April is Hungary.
No way back dear people.
Think twice🙏.
Only the blind aren’t recognizing that this Union is already broke by now – harboring nothing in their minds but war, sanctions (not working) and thoughtless borrowing of money. To me its a slow motion suizide game we are witnessing and a change from the Forint into the € now is nothing else but boarding the Titanic. I am giving the € hardly longer than 3 years from now to survive.
https://pedrovazpaulo.pro/ sounds like a personal professional website — most likely a portfolio or consulting site under the name Pedro Vaz Paulo.
Typically, a .pro domain is used by professionals to showcase:
💼 Consulting or advisory services
📊 Business strategy or management expertise
🧠 Thought leadership (blog posts, insights)
📈 Case studies and client work
📬 Contact information for collaborations
From the name structure, it strongly suggests it belongs to an individual professional rather than a company brand.
Of course Magyar wants to join the Eurozone.
Surrender a huge chunk of national sovereignty to foreigners, and get inflation and instability in return.
That’s “Tisza” in a nutshell.
Do the Hungarian people want the euro? Who cares!
@michaelsteiner – dismissing public opinion while claiming to defend national interests is sort of contradictory, don’t you think?
FACTS: Hungary has had among the highest inflation in the EU in recent years, and the forint has repeatedly hit record lows. Eurozone members have generally experienced more price stability. So – what is not to like? Other than me having to raise wages twice a year for our Hungarian staff to keep their spending power?
I am Italian. When Euro was introduced we were very happy because our currency was always weak, BUT soon we found out that our National Bank has NO MORE power because all power belong to European Bank. Why do you think our Prime minister that was elected as Anti bruxelles now is licking the boots of Mrs Von Der Leyen?
Moreover soon after the Euro introduction all prices in shops doubled!! Same happened in Croatia and Slovenia.
Watch out.,.. Euro is good only for strong economy not for weak one.