January 29, 2010
ML-BofA believes that Hungary could be the pack leader in the group of Poland, The Czech Republic and Romania to enter ERM-II exchange rate mechanism, and finally introduce the euro in 2014.
The city-based financial institute has recently acknowledged the crisis management strategy of the technocratic government and added that "Most investors we meet are surprized by the scale of fiscal recovery Hungary has achieved to date". However, other analysts call the attention to the fact that the above mentioned scenario is an optimistic one and implies the premise of the decrease of the European economic and investment risks.
