Hungary’s opposition Tisza party has unveiled its election programme, which includes plans to implement a wealth tax targeting the country’s richest individuals. The party also aims to adopt the euro as Hungary’s official currency and strengthen the nation’s ties with the European Union.
The Tisza party’s proposals mark a significant shift in economic and monetary policy, emphasizing closer integration with Europe and addressing income inequality through taxation.
**Why this matters**
Hungary currently uses the forint as its currency and has not adopted the euro, unlike many EU member states. Introducing a wealth tax and switching to the euro could have broad implications for Hungary’s economy, its relationship with the EU, and domestic political debates on economic reform.
Source: NewsData