Hungary's new leadership wants the country to adopt the euro by the end of the decade while repairing strained ties with Brussels. But with a weak economy and tight deadlines, experts warn the path will be steep.
Good on them, I never understood why there are still so many countries holding onto their national currencies. It makes trade and tourism so unnecessary complicated.
I get it tbh. There are both benefits and risks with having your own currency. Having your own currency being devalued makes your population poorer, but can also reduce the unemployment because you can export more.
So it’s both good and bad. I think it all comes down to if you want to be part of a bigger Europe or not.
I’m a big proponent of the Euro, so I’m a bit annoyed that my country refuses to adopt it. The problem is that whenever our currency is weak people want to join the Euro, but then we’d get a “raw deal”, but then our currency gets strong again and then people don’t see the benefit of joining. It’s frustrating.
Good on them, I never understood why there are still so many countries holding onto their national currencies. It makes trade and tourism so unnecessary complicated.
I get it tbh. There are both benefits and risks with having your own currency. Having your own currency being devalued makes your population poorer, but can also reduce the unemployment because you can export more.
So it’s both good and bad. I think it all comes down to if you want to be part of a bigger Europe or not.
I’m a big proponent of the Euro, so I’m a bit annoyed that my country refuses to adopt it. The problem is that whenever our currency is weak people want to join the Euro, but then we’d get a “raw deal”, but then our currency gets strong again and then people don’t see the benefit of joining. It’s frustrating.
Some are, but others don’t currently meet the requirements for adoption