Amateur Hungarian euro coin proposals
Hungary, a Central European country entered the EU in 2004. Its original accession date to the eurozone was 2008, as planned in 2003, later it became 2010. But both failed due to the high deficits. Since 2006, Hungary doesn't have a target date.
The chances of the country depend on the handling of the debt issue. Hungary plans to meet the deficit criteria in 2011, but its debt is 80% of the GDP. If the EU will be stricter after the crisis, decreasing debt numbers won't be enough, otherwise the country could join in 2014 or 2015.
The Hungarian prime minister calculates with a strict EU, he stated because of the debt, Hungarian euro accession is unrealistic until the end of the decade. He wants to decrease the debt, but he does not seem to be keen on about a fast switch to the euro.
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