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20.08.2010
Estonia joins the euro zone and will change the crown to the euro
Estonia joins the euro zone and will change the crown to the euro

 

From 1 January 2011, Estonia will join the eurozone. The Ministers of Economy and Finance 27 EU states to support membership in the eurozone, the signing of the relevant legislation governing regulations.

 

Now the country will move to the European currency. At the same time, Latvia noted that due to economic difficulties of the euro area unstable European currency, now is not very beneficial for Estonia. Although, at the same time as the said ex-president Vaira Vike-Freiberga, Estonia's a good chance for business development, new investment in the country.

 

According to records provided by Estonia, during the crisis the country has reduced the budget and structural reform. This enabled her to reduce the budget deficit in 2009 to 237 million euros. Now, in the state budget deficit of Estonia will be 2.4% of GDP in 2010. This level of fiscal deficit consistent with the Maastricht criteria, not exceeding 3%.

On materials www.focus.ua, www.rus.delfi.ee

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