Estonians introduce euro despite the crisis

Next year Estonia will presumably be the first of Finland's neighbours to introduce the euro. The daily Kaleva praises the country's achievements in dealing with the global economic crisis: "Estonia is looking forward to the credibility, stability and investments it will gain from the euro. It is admirable how our neighbours on the other side of the Gulf of Finland have swallowed the bitter pills necessary to stabilise their economy. And as the first Baltic state to introduce the single currency they have good reason to be proud. History has taught the Estonians how to overcome difficulties and emerge from crises even stronger than before. That was the case in the 1990s when the Soviet Union collapsed. Finland would do well to take a lesson from the Estonians on how to withstand crises with determination."

» full article (external link, Finnish)
More from the press review on the subject » Fiscal Policy, » Economic Policy, » Estonia, » Finland

» To the complete press review of Tuesday, February 9, 2010