Analysis-Amid wild swings, some Hungarians are losing faith in forint

Published by
Reuters UK

By Gergely Szakacs BUDAPEST (Reuters) – The Hungarian forint’s slide following Russia’s invasion of Ukraine is leading some Hungarians to embrace the euro instead of the local currency, which has lost more than half of its value since Prime Minister Viktor Orban took power in 2010. Like fellow European Union members Poland, Czech Republic or Romania, Hungary is nowhere near adopting the single currency, with Orban’s government ruling out in the foreseeable future a move it says would amount to a loss of economic policy sovereignty. But the forint, which has been under pressure from Hungary’s t…

Read More

See also  Legal expert predicts Weinstein trial to be 'a zoo'

Leave a Reply