The euro-zone crisis promises to be protracted and the year ahead is expected to be stormy both in Europe and in Hungary, Prime Minister Viktor Orban said in an address to parliament on Monday.

Orban said mechanisms to ensure swift and non-risk crisis-management had been rejected at the Brussels summit of EU leaders last week, and the euro-zone countries had decided not to endorse eurobonds or the European Central Bank's purchase of state bonds.

He added that member states had not put together enough money for its crisis-stability fund, necessary for calming the markets. He added that it could be deduced that the next year, and especially its first half, promised to be stormy in Europe "and the storm will be here, too".

(MTI)