price stability and long-term interest rates and public finance standard

xinhuanet.com Budapest 5 June, the Hungarian national economy ministry publishs bulletin 5 days to say, the target date for Hungary failed Cheap Oilers Jerseys to join the euro zone.

said, the government in maintaining economic result at the same time, will continue to improve the level of economic development and Cheap Penguins Jerseys the competitive ability, then the government will grasp the best time to join the euro zone.

Published every two years economic convergence report

the European Commission 4, the 8 EU member states including Hungary, whether to join the euro zone standards. According to the report, Hungary has standard, price stability and long-term interest rates and public finance standard, but also does not conform to the provisions of the Treaty on European Union legal framework and a stable exchange rate standard.

as of April this year in the past year, the average inflation rate of 1%, lower than the 1.7% required to join the euro zone; long-term rates this year in April to 5.8%, lower than the 6.2% standard requirements; 2013 fiscal deficit to GDP ratio is 2.2%, this year is expected to 2.9%, below the Cheap NHL Stanley Cup Jerseys standard required 3%. The European Commission pointed out, in the field of law Cheap Wild Jerseys Bank Law of Hungary with EU law not in coordination, exchange rate stability forint against the euro in the past few years fluctuations.

Hungarian national economy ministry communique said, in 2012 the European Commission Economic Convergence report, Hungary, a convergence criteria are not met, and this year's report identifies with most of Hungary has convergence standard to join the euro zone, Hungary is moving in the direction of the target. National Ministry of economy Cheap Hurricanes Jerseys said, the Hungarian economic policy center is to continue to cut debt at the same time strengthening macroeconomic stability, strict financial management and, continue to improve the economic growth potential and competitiveness and expanding employment.