Hungarian officials stated that ERM-2 should be joined as soon as possible to advance the euro process.

(1) On October 20, Hungarian Prime Minister Magyar stated that Hungary should join the European Exchange Rate Mechanism ERM-2 as soon as possible. (2) However, he also pointed out that relevant conditions need to be met first. (3) On the same day, Hungarian Finance Minister Kálmán said that joining the Eurozone as soon as possible is in Hungary's best interests. (4) Kálmán also noted that the process of joining the Euro is much more complicated than it was 10 years ago. (5) The above statements did not provide a specific timetable or a schedule for meeting the conditions.