Explainer

Will Hungary Join the Euro? It’s a Long Road After Orban

Peter Magyar on election night in Budapest, on April 12.Photographer: Akos Stiller/Bloomberg

Hungary’s new leader has made adopting the euro one of his top priorities, a step that would mark the largest expansion of the single-currency bloc since Greece joined in 2001.

But while Peter Magyar’s landslide election win on April 12 gave him a mandate to dismantle his predecessor’s self-styled illiberal system, it will be a while before the country can start reaping the full benefits of joining the euro club.