• Buffalox@lemmy.world
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    4 hours ago

    I don’t think Hungary is using a loophole, seems more likely that Hungary doesn’t qualify for the Euro ATM.
    Much the same way there were speculations that Greece might have to leave the Euro.
    The Euro can be mandatory for new member states without being mandatory for existing members.
    If UK had remained in the EU, they would have kept ALL their special arrangements without problems.

    • Tango@piefed.ca
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      14 minutes ago

      Sweden doesn’t qualify for the euro either. That’s the loophole. They’re failing the qualification criteria on purpose, because (they argue) joining ERM II is optional.