Financial Times FT.com

Hungary 'committed' to join Euro by decade's end

By Christopher Condon in Budapest

Published: June 12 2005 19:57 | Last updated: June 12 2005 19:57

Hungary remains committed to adopting the euro by the end of the decade, despite recent uncertainty about the long-term prospects of the single currency, the country's finance minister has said.

While the European Union's constitutional crisis and the sluggish economic performance of the 12-nation bloc have damaged the euro, Janos Veres said in an interview with the Financial Times that he did not foresee a wider crisis for the single currency and that Hungary had no option but to continue aiming to join the eurozone in 2010.

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