Hungary’s Tisza party targets eurozone entry by 2030 after election landslide

17 April, 03:50 PM
Europe
András Kármán said he would prepare the country to join the eurozone by 2030. (Photo: Kármán András / X)

András Kármán said he would prepare the country to join the eurozone by 2030. (Photo: Kármán András / X)

Author: Alex Stezhensky

Hungary’s Tisza party, which won the parliamentary election, wants to prepare the country to join the eurozone by 2030, local broadcaster Telex reported on April 17.

András Kármán, the party official overseeing financial policy, said that once Tisza takes power, it will assess Hungary’s financial position and hold consultations before setting a target date for adopting the euro.

He said the necessary conditions could be in place by 2030, though he did not rule out the possibility of an earlier entry.

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Kármán said price stability would be one of the key conditions, but added that the party did not want to achieve it through state controls, arguing that such measures run against the principles of a normal market economy.

Tisza won a decisive victory in the April 12 election and secured a constitutional majority in parliament, giving Péter Magyar a path to become prime minister as early as the beginning of May.

Unlike Viktor Orbán, who maintained close ties with Moscow and blocked some EU decisions in support of Ukraine, Magyar vowed after his victory to restore closer cooperation with the EU and NATO. That makes his remarks about Orbán and Robert Fico not just a domestic political attack, but a sign of a possible shift in Central Europe’s regional alignment.

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