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Hungary fails to meet euro objectives:

This article was originally published in Clinica

Executive Summary

Hungary looks unlikely to sufficiently reduce its budget deficit to be able to introduce the euro as its national currency in 2008 as planned. The country's deficit is currently running at some 8.6% of GDP. It must be reduced to below 3% to meet the requirements of the EU Maastricht Treaty. It now looks unlikely that the euro will be introduced until 2010 or 2011 in Hungary.

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