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Hungary's cutback programme is not good enough, S&P says (Photo: European Commission)

Romania and Bulgaria could beat Hungary to euro, expert says

EU candidates Romania and Bulgaria - often cited for corruption and EU accession problems - might end up beating EU member Hungary to joining the euro, ratings agency Standard & Poor's (S&P) says.

"Hungary might come in after Romania and Bulgaria which have a better financial track," S&P analyst Kai Stukenbrock said in London on 4 July, Polish agency PAP reports.

"Hungary is a big challenge...a lot more has to be done there," he added, predicting Budapest's deficit will hit 11 p...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Hungary's cutback programme is not good enough, S&P says (Photo: European Commission)

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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