Story perspectives

Hungary's Pro-EU Reforms Spark Market Rally, Euro Goal by 2030

6/27/2026

Summary

Story summary

Magyar’s anti-graft reforms and pro-EU pivot sparked a rally in Hungary’s markets.
Prime Minister Peter Magyar said Hungary could meet euro-adoption criteria by 2030, but cutting debt will be hardest.
Finance Minister Andras Karman will review finances for a 2026 budget due August, with a 6.8% GDP deficit.
Eurogroup President Kyriakos Pierrakakis visited Budapest, signaling support despite former leader Viktor Orban’s spending raising the deficit and threatening a rating downgrade.

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Story summary

Magyar’s anti-graft reforms and pro-EU pivot sparked a rally in Hungary’s markets.
Prime Minister Peter Magyar said Hungary could meet euro-adoption criteria by 2030, but cutting debt will be hardest.
Finance Minister Andras Karman will review finances for a 2026 budget due August, with a 6.8% GDP deficit.
Eurogroup President Kyriakos Pierrakakis visited Budapest, signaling support despite former leader Viktor Orban’s spending raising the deficit and threatening a rating downgrade.