Euro Currency Index summer of 2007, the index began to decline. On 6 February 2009 a value of 187.84 points was determined. In the following eight months, the European single currency rebounded from the lows. On 13 October 2009, the index rose by 208.45 points, near its historical high point. A financial crisis in several member states of the Euro zone in 2010 led to the outbreak of the Euro crisis. Particularly affected is Greece (see Greek government-debt crisis from 2010), but also other countries such as Ireland, Spain, Italy and Portugal. The weakness of the Euro against almost all global currencies caused
Hungary and the euro announced their intention to keep the 2010 deficit at 3.8%. After more pressure, in September they also accepted a reduction of 3% in 2011. In 2010, Finance Minister György Matolcsy said they would discuss euro adoption in 2012. Mihály Varga, another member of the party, talked about possible euro adoption in 2014 or 2015. However, in February 2011, Prime Minister Viktor Orbán made clear that he does not expect the euro to be adopted in Hungary before 2020. Later, Matolcsy also confirmed this statement. Orbán said the country was not yet ready to adopt the currency and they would not