Hungary CenBank chief Matolcsy calls Euro a trap. Urges exit option. Two decades after the euro’s launch, most of the necessary pillars of a successful global currency are still missing.

Hungary CenBank chief Matolcsy calls Euro a trap. Urges exit option. Two decades after the euro’s launch, most of the necessary pillars of a successful global currency are still missing. Most eurozone countries fared better before Euro than they did w/ it. https://t.co/askb0HnZ3g pic.twitter.com/k3Np5hjQM6

— Holger Zschaepitz (@Schuldensuehner) November 4, 2019

The Euro Is a ‘Trap’ and Countries Should Be Allowed to Ditch It

Euro zone countries should be allowed to stop using the single currency over the coming decades, the Hungarian central bank governor has argued in an article for the Financial Times.