Interview
Politics
Unlocked
If Not for the European Union, Central Europe Would Be Torn between Germany and Russia – INTERVIEW
26 April 2024
9 February 2024
Poland, Romania, Czechia, and Hungary lag in euro adoption, mainly driven by political factors, concerns over national sovereignty and potential economic drawbacks.
The four biggest economies in central Europe – Poland, Romania, Czechia and Hungary – have lagged behind the Baltic states, Slovakia and now Croatia when it comes to adopting the euro.
The main reason for that is politics. There are no sufficient parliamentary majorities in these countries in favour of dropping the national currency due to a mixture of fears of an erosion of national sovereignty and potential economic drawbacks.
Visegrad Insight editor Adam Jasser sat down with Zsolt Darvas, a renowned economist and Senior Fellow at Breugel, to discuss the extent to which euro adoption should be a priority policy and the balance of advantages and risks. You can listen to the whole interview in the link below.