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Hungary PM: not every EU country has to join euro zone

Kitco News

BUDAPEST, Jan 10 (Reuters) - Hungarian Prime Minister Viktor Orban said Budapest had no target date for joining the euro, adding the zone using the common European currency is not the same as it was when Hungary pledged to join it.

He said Hungary would constantly monitor economic developments to see whether it is in its interest to join but added: "I don't consider it necessary for everyone to enter the euro zone... if it is in our interests we can decide to join."

Hungary joined the European Union in 2004, and made a commitment then to eventually join the currency bloc.

(Reporting by Marton Dunai)

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