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Varga: Stable Euro zone in Hungary's interest

Hungary has a vested interest in a stable euro zone, Finance Minister Mihály Varga said.

The balanced and stable operation of the euro zone continues to lie in Hungary’s interest, the minister said during an
extended Eurogroup session in Vienna.
Hungary has since the very beginning supported efforts to accomplish the banking union, including the related safety
net, a finance ministry statement cited Varga as saying during the session.
The Eurogroup finance ministers discussed plans for the early introduction and the decision-making mechanism of a
common safety net in the framework of the European Stability Mechanism (ESM), the minister said.
Expounding Hungary’s position, Varga said the safety net would reinforce the euro zone’s financial stability in the long
term. Hungary supports the technical consultations paving the way for the amendment of the related inter-governmental
agreement, he said.
Concerning decision making, Varga said that the euro-zone member states and the countries that are not members of the
zone but join the banking union should be treated under equal terms.