Kyriakos Pierrakakis from Budapest expressed his support for Eurogroup for Hungary\u2019s European path and its accession to the eurozone<\/p>\n
The Minister of National Economy and Finance<\/strong> and President of the Eurogroup<\/strong>, Kyriakos Pierrakakis<\/strong>, met in Budapest<\/strong> with the Prime Minister of Hungary<\/strong>, P\u00e9ter Magyar, and the Minister of Finance, Andr\u00e1s K\u00e1rman<\/strong>, to discuss economic developments in Europe<\/strong>, boosting competitiveness, and the country\u2019s path toward the Eurozone<\/strong>.<\/p>\n During the meetings, Kyriakos Pierrakakis<\/strong> expressed the Eurogroup<\/strong>\u2019s political support for the new Hungarian government, which has set as a strategic goal the country\u2019s preparation for accession to the eurozone<\/strong>. As he noted, the Eurogroup<\/strong> is ready to offer expertise<\/strong>, guidance, and institutional support for the next steps in the convergence process.<\/p>\n In his statement, the minister noted that the new government of Hungary<\/strong> is sending clear signals of a rapprochement with the European core, emphasizing that \u201ca wind of change is blowing from Hungary<\/strong>.\u201d He emphasized that the country is moving toward the core of European decision-making and described the path toward the euro<\/strong> as demanding but deeply transformative.<\/p>\n At the same time, he referred to the need to strengthen competitiveness<\/strong>, energy security<\/strong>, the integration of financial markets, and the attraction of investment, noting that stability<\/strong> and credibility<\/strong> are strategic advantages for every European economy.<\/p>\n Kyriakos Pierrakakis<\/strong>recalled that membership in the eurozone<\/strong> requires full compliance with the Maastricht criteria<\/strong>, such as fiscal stability, inflation, long-term interest rates, exchange rate stability, and two years of participation in the ERM II<\/strong> mechanism.<\/p>\n He also made special mention of the Hungarian government\u2019s efforts to meet the reform milestones linked to the Recovery and Resilience Facility<\/strong>, noting that the submission of the national plan and its forwardation for approval to the Council on July 10 demonstrate the commitment to strengthening the rule of law<\/strong>, transparency<\/strong> and the fight against corruption<\/strong>.<\/p>\n Responding to a question from ERT<\/strong>, the president of the Eurogroup<\/strong> emphasized that his presence in Budapest<\/strong> also had a strong symbolic significance, conveying a message of support to the new government. As he stated, the Eurogroup<\/strong>, with the participation of the European Central Bank<\/strong> and the European Commission<\/strong>, can assist primarily through the exchange of experience and expertise<\/strong>, assuring that the European family will stand by Hungary<\/strong> as it works toward achieving the required milestones.<\/p>\n","protected":false},"excerpt":{"rendered":" Kyriakos Pierrakakis, speaking from Budapest, expressed the Eurogroup\u2019s support for Hungary\u2019s European path and its accession to the eurozonePierrakakis Expresses Support for Hungary\u2019s Path Toward the European Union<\/strong><\/h3>\n
The Euro Criteria and Reforms<\/strong><\/h3>\n
\nThe minister…<\/p>\n","protected":false},"author":1,"featured_media":13038,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-13037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/13037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13037"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/13037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/13038"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}