Gugán, Dániel (2012) Hungary on the Greek way. Jean Monnet/Robert Schuman Paper Vol. 12, No. 1, January 2012. [Working Paper]
Abstract
Hungary had a leadership role in the 1990s amongst Eastern European countries in terms of political and economic development towards democracy and market capitalism. Back then the country was eminent in terms of socio-economic transition from state socialism towards market capitalism, adopting the Western model of living and thinking seemingly the fastest from the group of countries often referred as “New Europe”. The development culminated at the end of the decade: Hungary along with the Czech Republic and Poland was in the first group of the NATO enlargement in 1999, and also in the first group of the EU enlargement in 2004. Back then the future looked bright, the country was on the way to introduce the Euro as early as 2007, meeting all the needed economic criteria.
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