Finance Minister and Eurogroup President Kyriakos Pierrakakis on Friday welcomed Hungary’s commitment to fulfilling the conditions required for its future accession to the euro area, following his meeting in Budapest with the country’s prime minister, Peter Magyar, and its finance minister, Andras Karman.
Pierrakakis stated that, through its decision to join the euro, “Hungary is moving from the periphery of European growth toward the core of European decision-making,” noting that this shift concerns not only the country itself, but also “a new era for Europe.”
He further emphasized that the path toward adopting the euro is “demanding, but also profoundly transformative,” adding that the Eurogroup will support the Hungarian side in this endeavor. “A wind of change is blowing from Hungary. We are here to support this ambitious effort,” Pierrakakis said.
The discussions focused on current economic developments in Europe, the challenges facing the competitiveness of the European economy, and the prospects for further economic convergence within the European Union.
The visit comes at a time when Hungary’s new government is seeking closer engagement with the European mainstream and has identified the gradual preparation of the country for membership in the euro area as a strategic priority.
