Estonia masters the economic crisis

Estonia is one of the EU states worst affected by the economic crisis, but has nonetheless handled the situation well, the daily Postimees writes: "Unlike the others, Estonia put money aside when the going was good. This cautious approach was politically unpopular but has paid off. Thanks to the stabilisation funding, Estonia's budget deficit was only 2.2 percent last year and remains close to two percent this year. This means that at the beginning of 2011 Estonia will be the first Baltic country to be allowed to introduce the euro, and can even reckon with a budget surplus as early as 2013. This is a tremendous feat for a country whose most important markets, Finland and Sweden, are deep in the red."

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