Search results
Results from the WOW.Com Content Network
If the same pace of "catching up" progress was to be expected in the future as in the past ten years (6.4% per decade), Hungary would only reach Orbán's 90% target and adopt the euro in 2056. Although, Hungary could potentially also reach Orbán's 90% target and adopt the euro in 2033, if being able for the upcoming period to sustain the same ...
Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
Hungary is in no rush to join the euro zone and should adopt the single currency only if its economic output approaches the average of the euro area or Germany, Economy Minister Mihaly Varga was ...
BRUSSELS/BUDAPEST (Reuters) -The European Union will be able work around any Hungarian veto and give Ukraine 50 billion euros ($53.4 bln) in aid, officials in the bloc said, as Kyiv struggles to ...
(Reuters) -Hungary will have to pay a 200 million euro ($216 million) fine for not implementing changes in its policy of handling migrants and asylum seekers at its border, the EU's top court said ...
The Bosnia and Herzegovina convertible mark was once pegged to the Deutsche mark at par, and continues to be pegged to the euro today at the Deutsche mark's old rate (1.95583 per euro). The Bulgarian lev was initially pegged to the Deutsche Mark at a rate of BGL 1000 to DEM 1 in 1997, and has been pegged at a rate of BGN 1.95583 to EUR 1 since ...
In a homily given on Sunday as part of mass in Budapest's Kossuth Lajos Square, Pope Francis urged Hungarians to embrace foreigners and working towards peace across the globe.