Hungary’s opposition leader announces euro adoption as election race heats up

Hungary’s opposition alliance, if it wins the April 3 election, will put the economy on track for euro adoption within five years, the prime minister candidate said on Tuesday. of the opposition, Peter Marki-Zay, on commercial television ATV. Hungarian nationalist Prime Minister Viktor Orban, who came to power in a landslide election in 2010, faces his tough first re-election race as six opposition parties formed a united front to oust him and his ruling party, Fidesz.

The six-party opposition bloc includes the Democratic Coalition, the Socialists, the Liberals and the once far-right, now centre-right Jobbik. It is led by Marki-Zay, a Catholic conservative and father of seven, who has said Hungary should strengthen its ties with the EU, adopt the euro and join the European Public Prosecutor’s Office to root out corruption.

“We would like to introduce the euro within five years,” Marki-Zay told ATV. Some of Hungary’s neighbors like Slovakia and Slovenia have already adopted the euro. Hungary has no official target date for the introduction of the euro.

A small Central European country of 10 million people, Hungary conducts around 80% of its trade with the rest of the EU, particularly with eurozone members such as Germany. Orban said any decision on joining the euro zone should be based on “national unity”, noting that a two-thirds majority would be needed to amend the constitution which states that Hungary’s currency is the forint .

The alliance and Fidesz are neck and neck in the polls.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

Laura T. Thrasher