April 7, 2011
By adopting a text in its new constitution which says that the only legal tender in Hungary is the forint, the Fidesz-led supermajority in Hungary is building a wall against the euro.
Hungary may not be ready to adopt the euro anytime soon, but it is obliged to do so by its accession treaty. The move appears to indicate that in the perspective of the ruling supermajority, an opt-out is still possible.
It also appears to indicate that Hungary would not be bound by the same financial discipline as other EU countries, probably to be able to fiance some weird political projects… We shall see.Author : Georgi Gotev