Estonia Introduces the Euro | Made in Germany

Even as Europe is struggling to maintain the stability of the euro, Estonia is set to adopt the common European currency in January 2011.To meet Eurozone requirements, the Estonian government instituted tough cuts in public spending. Estonia met the budget criteria with flying colors - last year's budget deficit was only 1.7 percent of GDP, substantially lower than the EU's 3 percent limit. The national debt is also quite low. Almost two thirds of the Estonian population support the adoption of the euro.
Report by Karl Harenbrock.

Category:

News & Politics

Tags:

• Estonia
• Euro
• currency
• budget
• criteria
• Eurozone

[xenover]

We didn't WANT the euro, we simply weren't against it.

[Ryssak18]

@Ryssak18 and unfortunately it's not Estonia.

[Ryssak18]

@Ukufaul I don't need to go anywhere, I live in civilized country with equal oportunities no matter what your skin colour, religion or origin.

[Ukufaul]

@Ryssak18 go home then ...russia is waiting you.

[Ryssak18]

@MCrue2 You clearly don't know what you are talking about. It's hard for a Russian to get a job in Estonia even with fluent Estonian, higher education Estonian citizenship. Racism and discrimination in Estonia exist but under the table.

[vetdino]

@SKHSirNicolas The Eurozone, under the strict control of Germany, is becoming the new Reich mate! It is the German economy that is benefiting from the Euro, while smaller countries, like Greece, Portugal, Ireland, even Spain are not allowed to control their own economies and are getting into trouble they would not have if they had maintained their old currencies.

[SKHSirNicolas]

@vetdino What are you talking about?

[Chufless]

@Lumixster

No we can take as much loan as we want and other Eurozone members has to pay :D

[MCrue2]

I wonder why always Russian minority hold "negative or a skeptic" views. If it was up to them, they would still be trading in goat milk and eggs. They should get over their whatever is bothering them and start working for a change.

[ShwangShwing]

security measures: a secret knock lol :)