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Hungarian politicians argue the referendum would show if citizens are happy about the euro (Photo: European Commission)

Hungary to hold referendum on the euro

Hungary is planning to hold a referendum on joining the eurozone, but is insisting it will adopt the EU common currency even if a majority of the country's citizens votes against it.

The idea of organising the euro plebiscite in 2008 was floated recently by the Hungarian socialist prime minister Ferenc Gyurcsany and welcomed by the main opposition centre-right party, Fidesz-Hungarian Civic Union.

Budapest formally pledged to the European Commission and other member states to meet...

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Hungarian politicians argue the referendum would show if citizens are happy about the euro (Photo: European Commission)

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