Orbán: The Union is falling apart, Hungary does not want to introduce the euro

Hungarian Prime Minister Viktor Orbán stated that the country should not seek to adopt the euro, as he believes the European Union is heading for collapse. In an interview with the EconomX portal, he suggested that further deepening relations with the EU was not in Hungary's national interest.

He justified this stance by expressing concerns about the future of the bloc itself and its ability to maintain unity. He also criticized the Hungarian central bank's current interest rate policy, which he described as too cautious.

In his view, the current rate of 6.5 percent is higher than it needs to be, and he considers the pace of reductions to be too slow. He added that Governor Mihály Varga is pursuing monetary policy with great restraint.

(reuters, lup)