Eesti in brief

Jul 01, 2009

Estonia will still need to find a further 1.5 billion kroons (96 million euros)in order to keep within the EU’s budget-deficit threshold of 3 percent of gross domestic product this year. The government has made joining the euro zone from Jan. 1, 2011 its policy goal and hopes to meet the requirements for membership late this year.  However, head of the central bank’s monetary policy department Andres Saarniit said further harsh cuts were necessary to reduce the budget deficit. The governmen ...

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