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East EU's Currency Dilemma Resurfaces as Orban Sees Crossroads

  • Euro may be more than economic choice, Hungarian premier says
  • Eastern Europe's biggest economies have resisted euro adoption
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The European Union is facing a potential crossroads, with countries that use the euro targeting deeper integration, while others face the dilemma of whether to give up national powers or be left out, Hungarian Prime Minister Viktor Orban said.

Orban, one of the most outspoken opponents of relinquishing national sovereignty within the EU, has until recently emphasized the disadvantages of euro adoption for poorer countries in light of the currency’s crisis. The stakes have now risen as the idea of a more integrated “core” EU is increasingly a topic of conversation in euro-area countries, the Hungarian premier told his nation’s ambassadors in Budapest on Monday. He didn’t name the nations he considers more inclined to favor a federalized Europe.