Monday, June 4, 2007

Hungary's Premier Gyurcsany Plans to Set Euro Adoption Target Next Year

(Bloomberg) -- Hungarian Prime Minister Ferenc
Gyurcsany, whose budget overruns forced him to abandon a euro
adoption target, said he expects to set a new goal next year for
the switch to Europe's common currency between 2010 and 2014.

The government and the central bank will ``set up not just a
target date but a fully fledged program'' for what must be done
to meet euro terms ``by the end of next year,'' Gyurcsany said in
a June 1 interview with Bloomberg News in Athens.


Read more at Bloomberg Emerging Markets News

No comments: