Abstract

The question of monetary integration was part of discussions on European integration from the beginning in Hungary That applied to Euro as well and there was no question that it is part of our integration project We have different waves of discussions but there was an overwhelming support of the project from great number of the experts The discussions were professional less politicized and divided compared to Poland or Czech Republic and several high quality studies were published on the issue The discussions intensified again last year and early this year and several studies and articles were published Among them the initiative of Hungarian Nation Bank HNB on Maastricht22 and the dispute between the Hungarian Minister of Finances MIh ly Varga and the president of HNB Gy rgy Matolcsy got particular attention I refer to two articles of the Journal of Counterbalanace Egyens ly one from Bod P ter kos former President of the Hungarian National Bank and Istv n Dobozi Former Lead Economist at the World Bank This article refers and reflects on the main points of these discussions The Euro is an economic and business project Of course its introduction and construction was determined by complex political expectations and interests and it is important symbol of the political integration and unity of the European Union