Showing posts with label Estonia. Show all posts
Showing posts with label Estonia. Show all posts

Tuesday, November 16, 2010

Estonians go cold on Euro

More bad news for the Euro
TALLINN - Despite an agressive campaign to build support for the euro in Estonia, the most recent EU surveys show resistance to the common currency in well above 50% and growing.


The commission's report, based on a survey conducted in September, indicated that 58 per cent of Estonians were unhappy about the move. This was four percentage points higher than in May.

Estonia is due to adopt the euro as of Jan. 1, 2011.
Though really it is just bad news for the Estonians as they were never given a say as to whether to join. That they are doing so now is madness for them, and looking at the question marks over Estonian entry pretty dangerous for the EU,
European finance ministers backed Estonia’s bid to become the 17th country using the euro, overriding the European Central Bank’s warning that the Baltic state may struggle to keep inflation under control.

So tell me, didn't we learn not to stich up Euro entry after the Greek debacle? Apparantly not

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