Estonian president defends imminent euro-accession
Kommentaarid on kirjutatud EWR lugejate poolt. Nende sisu ei pruugi ühtida EWR toimetuse seisukohtadega.
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Peter16 Dec 2010 08:25
I don't know what Ilves is thinking but it really seems irresponsible to adopt the euro when other EU members are debating whether this currency has any future. This will cost the Estonian taxpayers a fortune and there is no plan in place for what to do if (or when) the euro collapses. Germany has kept all their old bills and coins in vaults so in case they need to switch back to the deutsche mark, it can be done almost overnight.
sorry16 Dec 2010 09:12
new title should be eu kannupoiss
Peter16 Dec 2010 09:36
Olen nõus!
Samalt IP numbrilt on siin varem kommenteerinud: Peter (08:25)
What's the problem?16 Dec 2010 18:24
When Estonia regained independence, its currency was pegged to the German Mark. Since Germany switched the Euro, Estonia's currency has been pegged to the Euro.
So what's going to change on Jan. 1, 2011?
Peter16 Dec 2010 21:59
One thing that will change is the option to peg the kroon to another currency or even gold if need be. As the euro becomes more unstable and EU members begin to question how long it will last, it is insanity to throw away this option.
What will really change is the illusion that Estonia is a free and independent nation. With another foreign currency, the Estonian people will realize that they have gone back full circle to where they were 20 years ago.
Samalt IP numbrilt on siin varem kommenteerinud: Peter (08:25), Peter (09:36)
€ not17 Dec 2010 15:06
"When Estonia regained independence, its currency was pegged to the German Mark. Since Germany switched the Euro, Estonia's currency has been pegged to the Euro." So what's going to change on Jan. 1, 2011?

First, Estonians decided to peg the kroon to the Deutschmark! Now Estonians will have zero say.
Second,devaluing the kroon would have been a wise move which could have helped Estonian employment levels.
Now the Estonian government has no monetary policy lever to help its own people ... meaning the makers of the euro-rubla determine Estonia's economic destiny.
Maxim17 Dec 2010 15:45
Eesti kroon was first and foremost subject to the will and authority of Eesti Pank who in turn pegged its currency to the Euro. On the same weekend that Estonia was admitted to the Eurozone, Estonia was subject to breaking all hitherto national sovereignty over any policy concerning monetary rights that have existed in Estonia during the past 20 years since the inception of the Kroon. This effectively means that Estonian financial affairs are now entirely controlled by the European Union and Estonia is subject to all the rules and regulations forthcoming from within the framework of EU Financial policy without any right to retain any portion of vital national financial policy and law. There is no provision for national financial planning which the EU accedes to any member state, and there are already significant compulsory contribution rates on an intra-national scale which Estonia is subject to from 2011, including a 12 billion Euro bailout contribution to salvage those EU countries presently facing economic difficulty. To be fair, the Euro will not significantly affect those people whose monthly bruto wage is upwards of 20, 000 EEK-s who manage to make ends meet even in these months of a radically spiralling cost of living, but it will become the basis of a growing economic struggle for those people whose standard of living has dropped by up the half of what it was before 2010. This, in fact is the primary catalyst for the dramatic upswing of economic migration likely to take on a sweeping new level commencing from the new year.
euro17 Dec 2010 19:09
this is called trying to weaken nationalistic strength at the altar of global financial governance ... most likely to happen if the middle klass of kulaks go missing
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