Slovenia as a role model for Estonia?

On 1 January 2007 the Slovenians converted to the euro, while Estonia, which had originally planned to convert to the euro on the same date, was unable to meet the criteria. The Estonian newspaper takes a look at what Slovenia did differently. "Slovenia is more integrated into the global economy than Estonia. Therefore, our problem with converting to the euro is that we have fewer options for pushing the economy in the direction we want it to go. Moreover, the Slovenians did more groundwork, and in this respect Estonia was less efficient. For us, the euro was never a matter of life or death. The political elite didn't make a coordinated effort. However, the delay hasn't had a negative impact on the economy yet. On the contrary, our annual economic growth has gone up to over 11 percent."

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