Abstract (may include machine translation)
Meeting the requirements for euro entry appears to be a harder task for Hungary than for Slovakia. In 2007 Hungary failed to comply with any of the Maastricht convergence criteria and lacked a deadline for entering the Euro Area. Conversely, Slovakia fulfills all entry conditions and is allowed by the EU to introduce the euro in 2009. Hungary delayed the reform of its public sector until 2007. To demonstrate credible commitment to macroeconomic stability, Slovakia radically restructured its welfare state. These differences notwithstanding, since 2006 Hungary and Slovakia share a similarity with each other and, indeed, with many other east European new member states of the EU: the loss of political balance.
| Original language | English |
|---|---|
| Title of host publication | The Euro at Ten. Europeanization, Power, and Convergence |
| Editors | Kenneth Dyson |
| Place of Publication | Oxford |
| Publisher | Oxford University Press |
| Pages | 292-306 |
| Number of pages | 19 |
| ISBN (Print) | 9780199208869 |
| DOIs | |
| State | Published - 2008 |