According to the leader of the Centre for European Policy Studies (CEPS), on a political level, Estonia is welcome to the Eurozone since its financial state is extremely strong.
Discussing the issue of the adoption of the single European currency and the words coming from the Bussels-basedthink tank, the Estonian national broadcasting reported that the economic analytics believe that if Estonia would join the Eurozone, it would not escape from helping countries as Greece, if it is jointly decided.
Somehow less optimistic, on the matter of Greece, was instead the Estonian Minister of Finance, Jürgen Ligi, who said that Estonia has not thought about participating to such an intervention at all and, however, it all should depend on national money flows.
Greece is probably going to be aided with bilateral loans and all the Eurozone countries have agreed to participate in it. At the same time, the Finance Ministers of EU confirmed that the austerity plan of Greece is sufficient and Greece does not need any financial aid at the moment.
On March 16th Greece reported in Brussels on how it has implemented the budget cuts – which were made in the beginning of the year – including the recent additional cut of 8.4 billion euro, which purpose is to decrease the tremendous budget deficit by four per cent.
Jaanus Karlson
www.estonianfreepress.com
